Egg producers and two trade groups inflated prices for years, federal jury finds
Three major food companies overpaid for eggs for years because the country’s top producers as well as two trade groups engaged in a scheme to restrict supply and inflate costs, an Illinois federal jury found on Tuesday.
The decision capped a five-week antitrust trial against Cal-Maine Foods Inc., Rose Acre Farms Inc., and two egg-industry trade groups, United Egg Producers and United States Egg Marketers. The verdict is a huge victory for the plaintiffs, General Mills Inc, Kellogg Co., and Nestle SA, Bloomberg Law first reported.
November 27, 2023 05:02 PM
November 27, 2023 05:03 PM
