Investigation and potential class action against Golden Oval Eggs LLC, Michael Foods, Inc., and MoArk LLC (a unit of Land O'Lakes Inc.) related to the pricing and marketing of egg products.
The U.S. Department of Justice has confirmed that prosecutors are conducting an inquiry into whether the egg industry engaged in anti-competitive practices. It has been reported that the U.S. Attorney General's Office in Philadelphia served subpoenas on each of the above-mentioned companies. Egg prices reportedly increased by more than 40% in 2007.
Name (Stock Symbol)
MoArk LLC produces and processes eggs. It is owned by Land O Lakes.
Land O Lakes, Inc.
Land O Lakes, Inc. manufacturers butter, cheese and other dairy products.
Golden Oval Eggs, LLC
Golden Oval Eggs, LLC, is a liquid egg producer and further processed egg products. Rembrandt Enterprises, Inc. has acquired Golden Oval Eggs, LLC.
Michael Foods, Inc.
Michael Foods, Inc. is a food processor and distributor with business in egg products, refrigerated grocery and potato products.
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