Egg Giants Settle Price-Gouging Claims | Des Moines News

Three major egg producers face big consequences after settling with the Justice Department and 17 states over alleged price-fixing that inflated egg costs for consumers and businesses. Cal-Maine, Versova, and Hickman’s allegedly coordinated bids to a key pricing service, artificially boosting egg prices from 2022 to 2025 — a scheme New York’s AG called a squeeze on working families. Though none admit wrongdoing, they’re paying $3.3 million and donating 53 million eggs to food banks, plus installing antitrust compliance measures. Cal-Maine, the only publicly traded firm, made $1.22 billion in profit last year — and will pay $1.5 million and donate 30 million eggs. Critics say the settlement doesn’t go far enough, especially as egg prices dropped once the probe began — even amid bird flu outbreaks. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a3a0ab5172e4465f