The Wisconsin Department of Justice, along with attorneys general from 16 other states, announced a settlement in an alleged multi-state scheme to artificially increase egg prices. The investigation targeted three of the largest egg producers in the United States, accused of colluding to reduce supply and raise prices over several years.
According to the settlement, the companies agreed to pay a combined total of $10 million in penalties and restitution. The funds will be distributed to consumers and businesses affected by the price-fixing, which allegedly occurred between 2016 and 2020. The producers did not admit liability but agreed to cease practices that could lead to future price manipulation.
Wisconsin Attorney General Josh Kaul stated, 'This settlement holds these companies accountable for actions that harmed Wisconsin families and businesses.' The case was part of a broader federal investigation into the egg industry, which has faced similar allegations in the past.
The settlement requires the producers to implement compliance measures and report to the states for five years. Consumers who purchased eggs during the period may be eligible for compensation through a claims process.
