India, July 1 -- The U.S. Department of Justice, along with attorneys general from 17 states, have come to settlements with Cal-Maine Foods, Versova, and Hickman's Egg Ranch.
These agreements are in response to allegations that the companies colluded to raise egg prices from June 2022 to March 2025. Officials suggested that the producers were in cahoots when submitting bids to Urner Barry Publications, which is known for its pricing index that helps determine wholesale egg prices, leading to higher prices for consumers.
In the proposed settlements, none of the firms admitted any wrongdoing. Still, they have agreed to collectively pay $3.3 million and donate 53 million eggs to food banks and nonprofit groups. Cal-Maine will shell out $1.5 ...