U.S. Justice Department Investigates Major Egg Producers for Antitrust Violations
The U.S. Justice Department is preparing an antitrust lawsuit against major egg producers, including Cal-Maine Foods (CALM) and Versova, over alleged price coordination. The news caused Cal-Maine's shares to drop nearly 5% in extended trading. The investigation comes amid a wave of class action lawsuits against egg producers for price fixing, driven by consumer frustration over rising food prices.
Tickers: $CALM
Topics: antitrust class action lawsuits egg producers price fixing regulatory action