Episode Details

Back to Episodes
Egg Giants Settle Price-Gouging Claims | Vancouver News

Egg Giants Settle Price-Gouging Claims | Vancouver News

Published 2 days, 16 hours ago
Description

Big egg giants Cal-Maine, Versova, and Hickman’s are settling a major antitrust case after allegedly colluding to inflate prices through a secret bidding scheme with Urner Barry Publications — the price-setter for billions of eggs. The Justice Department and 17 states accuse them of squeezing consumers, especially during last year’s soaring costs. No company admits guilt, but they’re paying $3.3 million and 53 million eggs to food banks, plus installing strict anti-collusion rules. Prices dropped after the probe began — and Cal-Maine insists it’s all baseless, though it’s moving on from the settlement.

Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/f1f4c28f948dd533

Listen Now

Love PodBriefly?

If you like Podbriefly.com, please consider donating to support the ongoing development.

Support Us