Cal-Maine Foods Inc. (CALM) Reaches $1.5 Million Settlement in Egg Price-Fixing Investigation
Cal-Maine Foods, the largest egg producer and distributor in the U.S., has agreed to a $1.5 million settlement with federal and state authorities over allegations of price manipulation through an industry cooperative. The company denies wrongdoing but will also donate 30 million eggs to food banks as part of the resolution.
Tickers: $CALM
Topics: corporate compliance egg industry scandal legal settlement