Staff Reports
Well well well, would you look at that. The little guy has been screwed once again. It turns out that we’ve been paying more for our groceries for YEARS because of a terrible scheme. In a recent trial, an Illinois federal jury concluded that three major food companies, Cal-Maine Foods Inc., Rose Acre Farms Inc., United Egg Producers, and United States Egg Marketers, were involved in a plot to restrict egg supply and inflate costs. And guess what? It worked.
Egg producers and two trade groups inflated prices for years, federal jury findshttps://t.co/4yFaAVg8tu https://t.co/4yFaAVg8tu
— Washington Examiner (@dcexaminer) November 23, 2023
This is a massive victory for the plaintiffs, including General Mills Inc, Kellogg Co., and Nestle SA. Finally, these big food companies have been held accountable for their antitrust violations. Brandon Fox, a partner at Jenner & Block LLP representing the food companies, expressed his satisfaction with the jury’s decision. And now, it’s time for the damages phase. The same jury will determine the consequences for the defendants.
But let’s not forget about the real victims here—the American consumers. These food companies deliberately made us pay more for eggs by artificially inflating prices. It’s sickening to think that while these companies were raking in the profits, we were left with empty wallets. It’s about time someone put an end to these conspiracies. And tackling the price of eggs is a good place to start.
Now, let’s hope that companies like Nestle will have to start paying fair prices for their eggs in the future. No more passing on the inflated costs to the average citizens. We deserve better than that. Hopefully, this trial will set a precedent and discourage other companies from engaging in similar schemes. It’s time to give the little guy a break and put an end to these unfair practices.
