Egg

Egg Producers Hit with $53 Million Verdict for Conspiracy to Limit Supply and Increase Prices

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Chicago, IL – A federal jury in Illinois has awarded $17.7 million in damages to several food manufacturing companies who filed a lawsuit against major egg producers over allegations of conspiring to limit the egg supply in the United States. The damages, which were automatically tripled under federal law to over $53 million, were the result of a jury ruling that the egg producers engaged in practices to restrict the domestic egg supply and increase prices during the 2000s. The specific timeframe identified by the jury for the conspiracy was between 2004 and 2008. Court … Read more

Landmark Verdict: Corporations Granted $17.7 Million in Groundbreaking Egg Price-Fixing Lawsuit

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MADISON, Wis. – A jury in Madison, Wisconsin, has awarded a combined total of $17.7 million to corporations in a price-fixing lawsuit related to the egg industry. The verdict came after a trial that lasted for over a week. The lawsuit accused companies involved in the egg industry of conspiring to manipulate prices and reduce egg supplies. Specifically, it alleged that major egg producers colluded to limit production and drive up prices, leading to financial losses for businesses that purchased eggs from them. During the trial, evidence was presented showing internal emails and documents that … Read more

Egg Producers Ordered to Pay $53 Million in Damages Following Conspiracy to Limit Supply

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INDIANAPOLIS, Indiana – A federal jury in Illinois has awarded $17.7 million in damages, which has tripled to more than $53 million under federal law, to several food manufacturing companies who had filed a lawsuit against major egg producers. The lawsuit alleged that the egg producers conspired to limit the egg supply in the United States. The jury’s ruling, which came last week, found that the egg producers used various methods to restrict the domestic supply of eggs in order to drive up prices from 2004 to 2008. The defendants in the case, however, have … Read more

Egg-cellent Victory: US Jury Agrees to $17.7 Million Settlement for Kraft and Other Producers in Egg Price-Fixing Case

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WICHITA, Kan. – The United States jury has awarded a total of $17.7 million to Kraft and other egg producers after finding that they were victims of price-fixing. The case, which involved several major egg producers, concluded on Monday with the jury ruling in favor of the plaintiffs. The lawsuit alleged that the defendant, Michael Foods, along with other egg producers, engaged in a conspiracy to artificially inflate egg prices. Kraft and other companies accused the defendants of coordinating their efforts to limit the supply of eggs and drive up prices. The plaintiffs argued that … Read more