Penalty Amount
$3,300,000
New York Attorney General James announced a multistate settlement with three major egg producers for illegally coordinating to influence a daily egg price index, artificially inflating prices for consumers. The companies will deliver 53 million eggs to food banks and pay $3.3 million, along with adopting compliance measures.
The three companies will deliver 53 million eggs to food banks across 17 states, pay $3.3 million, and adopt compliance measures to prevent future illegal coordination.
In-house legal teams should review their supply agreements with egg producers or any commodity suppliers for clauses referencing benchmark pricing indices like Urner Barry. They should ensure that any price adjustment mechanisms are based on legitimate market data and that there are no provisions that could facilitate coordination with competitors. Additionally, they should verify that their vendors have robust antitrust compliance programs and consider adding representations and warranties regarding compliance with antitrust laws.
Entity
Cal-Maine Foods, Versova/Centrum, and Hickman's Egg Ranch
Industry
Other"Cal-Maine Foods (Cal-Maine), Versova/Centrum (Versova), and Hickman’s Egg Ranch (Hickman’s)"
"pay a combined $3.3 million"
"illegally coordinated to influence a daily price index for eggs"
"artificially inflated prices"
"deliver a total of 53 million eggs to food banks and nonprofit organizations across the participating states and pay a combined $3.3 million"
$3.3M
New York Attorney General Letitia James announced a multistate settlement with Cal-Maine Foods, Versova/Centrum, and Hickman's Egg Ranch for illegally coordinating to influence a daily price index for eggs, artificially inflating prices for retailers and consumers nationwide. The companies will deliver 53 million eggs to food banks across 17 participating states, pay a combined $3.3 million, and adopt compliance measures to prevent future violations.
$3.3M
New York Attorney General Letitia James announced a bipartisan multistate settlement with major egg producers Cal-Maine Foods, Versova/Centrum, and Hickman's Egg Ranch for illegally coordinating to influence a daily price index for eggs, artificially inflating prices for retailers and consumers nationwide. The companies will deliver 53 million eggs to food banks across 17 participating states (including 4,968,000 eggs to New York) and pay a combined $3.3 million. The companies will also adopt compliance measures to prevent future illegal coordination. Note: This is an antitrust/price-fixing case, not a privacy enforcement action.
$3.3M
New York Attorney General James announced the delivery of eggs to food banks as part of a multistate settlement with Cal-Maine Foods, Versova/Centrum, and Hickman's Egg Ranch for price fixing. The companies illegally coordinated to manipulate the Urner Barry egg price index, artificially inflating prices. They will deliver 53 million eggs to food banks and pay $3.3 million.
$3.3M
New York Attorney General Letitia James announced a multistate settlement with Cal-Maine Foods, Versova/Centrum, and Hickman's Egg Ranch for illegally coordinating to manipulate the Urner Barry egg price index, artificially inflating egg prices. The companies will deliver 53 million eggs to food banks and pay $3.3 million, along with compliance measures.
$3.3M
New York Attorney General Letitia James and a bipartisan multistate coalition, alongside the U.S. Department of Justice, settled with three major egg producers for illegally coordinating to manipulate the Urner Barry daily price index, artificially inflating egg prices for retailers and consumers. The companies will deliver 53 million eggs to food banks nationwide, including 4,968,000 eggs to New York, and pay a combined $3.3 million, along with adopting compliance measures to prevent future violations.
New York Attorney General Letitia James joined a coalition lawsuit challenging NHTSA’s rollback of federal fuel economy standards. The coalition alleges that the final rule violates federal law and asks the court to strike it down; the press release describes no privacy violations or monetary penalty.