A federal jury awarded $17.7 million in damages to food manufacturers, including Kraft, in a price-fixing conspiracy case against egg producers, claiming they limited the domestic egg supply to inflate prices during the 2000s.
The damages could potentially triple under U.S. antitrust law to more than $53 million.
The jury found Cal-Maine Foods and Rose Acre Farms, the country’s largest and second-largest egg producers, responsible for overcharging for egg products. (Trending: Another Major Company Goes Woke And Goes Broke)
The defendants denied any wrongdoing and expressed disappointment with the verdict and damages award, with potential plans for appeal.
A jury ruled that the egg producers used several methods to limit the domestic supply of eggs to increase the price of products.
The alleged conspiracy was debated throughout the case, jurors eventually concluded damages occurred between 2004 and 2008.
Food manufacturers joining as plaintiffs in the lawsuit were Kraft Foods Global, Inc., The Kellogg Company, General Mills, Inc. and Nestle USA, Inc.
“We are extremely grateful for the jury’s service and findings. This was an important case for many reasons, and the jury’s award recognizes its significance,” Brandon Fox, an attorney representing the food manufacturers, said in a statement.
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