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