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Egg producers may be unlawfully conspiring to inflate the price of eggs in the US.
Investigation Source
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Defective Product or Service
- Over Charge
- Price Fixing
- Anti-Competitive Behavior
Products or Services
- Restaurants
- Convenience Stores
- Retailers
- Food Distributors
- Food Processing Companies
- Food And Beverage
Injury Type
- Monetary Loss
Investigation Details
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.
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.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| MoArk LLC | 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. |