An Illinois jury ruled this week that several major egg producers conspired to limit the U.S.'s supply of eggs in order to raise prices in a case stemming from a federal lawsuit originally filed 12 years ago.
Several large food manufacturing companies including Kraft Foods Global, Inc. and The Kellogg Company alleged in the lawsuit originally filed in 2011 that producers used various means to limit the U.S. domestic supply of eggs to increase the prices of eggs and egg products during the 2000s. The time frame of the conspiracy was an issue throughout the case; jurors ultimately determined damages occurred between 2004-2008.
A jury unanimously delivered its verdict Tuesday in the Northern District of Illinois and damages will be decided in a trial scheduled for next week.
The suppliers include the family company of an Indiana egg farmer running for the U.S. Senate in the state.
And, guess what? He's a Repubican.
You might want to have a gander at the farm bill that congress keeps passing.
ReplyDeleteDriftglass featured this post in Mike's Blog Round-Up at Crooks and Liars.
ReplyDelete-Doug in Sugar Pine
Thank you. This time, I saw the blip in the stats thingamajig.
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