Egg Producers to Pay Millions to Resolve Price Increase Lawsuits
· Telemundo McAllen (KTLM)
The U.S. Department of Justice and 17 states have reached settlements with three major egg producers—Cal-Maine Foods, Versova, and Hickman’s Egg Ranch—over allegations of illegal price-fixing. The companies are accused of colluding to artificially inflate egg prices from June 2022 to March 2025. As part of the settlement, they will collectively pay $3.3 million and donate 53 million eggs to food banks. The average price of eggs in the U.S. peaked at $6.23 per dozen in March 2025, driven by avian flu and market manipulation. The settlements require the companies to implement antitrust compliance programs and prohibit price discussions among competitors.
AI summary · Source: Telemundo McAllen (KTLM) →
