Egg producers must pay a hefty penalty to food manufacturers, after losing a lawsuit on charges of price-fixing A federal jury in Illinois has awarded more than 17 and a half million dollars in damages to several big name companies, such as Kraft and Kellogg, who successfully sued egg producers on charges of a conspiracy […]
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Egg producers must pay a hefty penalty to food manufacturers, after losing a lawsuit on charges of price-fixing
Egg producers must pay a hefty penalty to food manufacturers, after losing a lawsuit on charges of price-fixing
A federal jury in Illinois has awarded more than 17 and a half million dollars in damages to several big name companies, such as Kraft and Kellogg, who successfully sued egg producers on charges of a conspiracy to limit the supply of eggs in the U.S. between 2004 and 2008, thus driving up prices. According to federal antitrust law, the amount of those damages becomes automatically tripled, bringing the total to over $53 million dollars. Two of the egg suppliers indicated they would appeal Friday’s decision. SOCS