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 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 agreements require the companies to implement antitrust compliance programs and prohibit communication about pricing strategies. The average price of eggs peaked at $6.23 per dozen in March 2025, amid an avian flu outbreak. The settlements await court approval.
AI summary · Source: Telemundo McAllen (KTLM) →
