Cal-Maine Foods Inc. is nearing a resolution with the U.S. Department of Justice and several states regarding alleged illegal price coordination. The investigation also involves major egg suppliers Hickman’s Egg Ranch Inc. and Versova.
The proposed settlement follows numerous class-action lawsuits accusing producers of price-fixing amid rising consumer food costs. Terms are expected to include civil fines and a mandate for companies to cease sharing sensitive competitive information.
Cal-Maine previously confirmed its cooperation with the federal investigation. While final terms remain pending, the resolution may trigger significant changes to industry practices and impact consumer trust.