Settlement Reached in Egg Price Manipulation Case: Cal-Maine Foods and Others to Pay $3.3 Million and Donate 53 Million Eggs
The U.S. Justice Department and a coalition of 17 states have reached a settlement with three major egg producers, including Cal-Maine Foods, regarding an investigation into alleged egg price manipulation. Cal-Maine Foods, Versova, and Hickman’s Egg Ranch will collectively pay $3.3 million and donate 53 million eggs to food banks and nonprofit organizations in the participating states. Cal-Maine Foods will contribute $1.5 million and donate 30 million eggs nationwide, denying any wrongdoing and agreeing to compliance and reporting measures as part of the settlement. Versova and Hickman’s Egg Ranch did not comment on the matter. The investigation found that the companies had coordinated to influence egg prices, leading to increased costs for retailers and consumers across the country. As part of the agreement, the companies must cease price manipulation, implement compliance measures, and cooperate with state oversight.
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