Crime Pays: The Egg Bandits Made A Thousand Times the Fine They Just Paid for Price Fixing
- A few days ago, 18 states and the DOJ Antitrust Division signed a series of decrees with three major egg producers, Cal-Maine, Versova, and Hickman’s Egg Ranch, the largest egg producers in the country.
- The allegation, backed with hard-to-refute evidence including quotes from CEOs, is these entities operated a naked conspiracy to manipulate the price of eggs from 2022-2025.
- That was exactly the time bird flu on poultry farms was ripping through the supply chain for egg production.
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- A few days ago, 18 states and the DOJ Antitrust Division signed a series of decrees with three major egg producers, Cal-Maine, Versova, and Hickman’s Egg Ranch, the largest egg producers in the country.
- The allegation, backed with hard-to-refute evidence including quotes from CEOs, is these entities operated a naked conspiracy to manipulate the price of eggs from 2022-2025.
- That was exactly the time bird flu on poultry farms was ripping through the supply chain for egg production.
Sources: Thebignewsletter