U.S. egg producers conspired to fix prices from 2004 to 2008, a federal jury ruled
U.S. egg producers conspired to fix prices from 2004 to 2008, a federal jury ruled
A federal jury in Illinois has found that several major egg producers in the U.S. conspired to price-fix eggs between 2004 and 2008.
So at this rate, we'll get them on this most recent price fixing in 15 years
If you account for inflation, it'll actually be 30 years
If executives don't go to jail for stealing from consumers, they will continue to steal from you and everyone else.
If the fines were 10 times the illegal gains, and came from executive salaries first, that would also be a strong deterrent.
Brb imma go steal some eggs
Eggcellent
Hope I didn't need to save my receipts to be part of the class action $1 payout
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Company steals a thousand dollars each from their customers.
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Customers file class action lawsuit.
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Judge rules the company has to pay a million dollars even though they stole a total of ten million.
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Lawyers take half, the customers each get two nickles and a pop-up middle finger novelty toy.
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GOTO 1
Class action lawsuits are utterly broken which is why companies fuck over customers with zero hesitation.
Don't you know you're supposed to number your lines in BASIC by tens, in case you need to insert something in the middle? You're going to end up having to renumber all your lines!
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Oh boy, wait til they hear what they did two years ago.
remindme! 17 years
This isn't about consumers, at all. this is corpos including Kellogg etc suing their egg supplier for price fixing.
Every company has conspired to raise every price over the last few years. Nice to know some scapegoat might potentially see consequences in 2050 or so.
It's time... to get hit by a tiny fine that makes it just the cost of doing business, with no other repercussions so that they can do it again. Yay for our judicial system.
Slap them with a huge fine and use it to fund more antitrust investigation and prosecution.
First time?
Hardly. But wishful thinking, and it's the most reasonable way to self fund this kind of consumer protection because it's much harder to defund.
Back yard chickens have been a fing blessing
Or you can be insane like me, and don't eat eggs at all. Mostly because prostate cancer runs in my family and eggs drastically increase risk of lethal prostate cancer. It's the lethal aspect of egg cancer that bothers me after my grandfather died from it.
Just looked it up and ,holy shit, there is a link between eggs and prostate cancer. And full fat dairy apparently. https://www.pcf.org/c/prostate-cancer-and-eggs-dairy-supplements-your-questions-answered-part-1/
That's actually pretty interesting. I had no idea that there was a link between eggs and prostate cancer. I don't think anyone in my family has had it but this definitely gives me some motivation to look further into studies on it.
Much appreciated
Speedy justice!
Eggs were cheap then, I worked at a grocery store and they were regularly $1 for a dozen