Egg producers reach $3.3 million settlement in DOJ lawsuit over ‘manipulated’ prices
They admitted no wrongdoing, however.Advertisement The egg producers allegedly manipulated industry price benchmarks that ultimately influenced wholesale egg prices nationwide through coordinated bidding strategies and private trades, according to the complaint.As a result, egg prices rose to record levels. That remained the case until the DOJ opened an investigation into the companies last year and ordered them to preserve documents. By then, egg prices fell sharply.Wholesale egg prices nationwide peaked at $6.23 per dozen in March 2025.
- ▪They admitted no wrongdoing, however.Advertisement The egg producers allegedly manipulated industry price benchmarks that ultimately influenced wholesale egg prices nationwide through coordinated bidding strategies and private trades, accor
- ▪That remained the case until the DOJ opened an investigation into the companies last year and ordered them to preserve documents.
- ▪By then, egg prices fell sharply.Wholesale egg prices nationwide peaked at $6.23 per dozen in March 2025.
Opening excerpt (first ~120 words) tap to expand
Three major egg producers have collectively reached a settlement with the Department of Justice and 17 states after a lawsuit accused the companies of illegally conspiring to inflate egg prices between 2022 and 2025.The respective settlements with Cal-Maine Foods, Hickman’s Egg Ranch, and Versova Holdings were agreed upon last week, shortly after federal and state authorities filed the lawsuit. Recommended Stories Weeklong hearing begins in Tyler Robinson trial with Erika Kirk expected to be in attendance US can replace slavery exhibit at George Washington’s Philadelphia home, court rules DOJ defends withholding more Epstein files, seeks 60-day extension from judge As part of the agreement, the three companies agreed to pay $3.3 million in total to the states and donate 53 million eggs to…
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