Egg producers, trade groups liable for conspiracy, jury finds
Egg producers, trade groups liable for conspiracy, jury finds
A federal jury in Illinois has found two large egg producers and trade associations liable for conspiring to restrict supply and drive up egg prices, in a dispute the judge in the case said pitted “the nation’s egg makers against its egg breakers.”
Cool. Now do every other industry doing exactly the same thing.
I mean…did you read who the plaintiffs are?
Plaintiffs in the case are Kraft Foods Global, Kellogg’s, General Mills and Nestle USA
I can’t imagine them getting 110m settlement will be a “win” exactly.
before any one starts imagining bond-esque villains and plots to take over the world...
it was just a conspiracy to jack the rates of the eggs up.
Okay, but do you know how angry the average Facebooker is about the price of eggs? It's a thing that certain people are quite upset about. Of all the inflationary hits, for some reason eggs have really hit theses folks' funny bones.
I mean, yeah. But there’s no submarines, or sharks with lasers, or anything.
Its just plain old white collar price fixing. BoRiNg.
General Mills Inc., Kellogg Co., and Nestle SA were the ones who sued.
So basically, I've been rooting for a giant asteroid to hit the plaintiff and defendant tables mid trial.
Website was shit so couldnt see.
I wonder what the penalties will be for them causing the pointless inflation? Probably nothing...
I was able to read it. Damages sought: 110 million.
It's a Nothingburger