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Egg Producers to Pay $3.3 Million to Settle Federal Price-Fixing Lawsuit
The New York Times • • business
Key Points:
- Major egg producers Cal-Maine Foods Inc., Hickman’s Egg Ranch Inc., and Versova agreed to pay $3.3 million to settle an antitrust lawsuit alleging price fixing over nearly three years, without admitting wrongdoing.
- The settlement, subject to court approval, includes a donation of over 53 million eggs to food banks and nonprofit organizations in the affected states.
- The companies will be required to cooperate with federal monitoring and implement compliance programs to prevent future price manipulation.
- The federal investigation was triggered by record-high wholesale egg prices in March 2025, driven by avian flu outbreaks and increased costs for fuel, feed, and packaging.
- The Justice Department emphasized the importance of affordable egg prices, highlighting eggs as a staple product for American consumers.
