Connecticut to Get 1.5M Eggs From Price-fixing Settlement
WHO:
Inc - Cal-Maine, Versova, and Hickman’s Egg Ranch are accused of coordinating bids around a benchmark that helps set prices for eggs.
CBS News - Three U.S. egg producers involved in the settlement.
CT News Junkie - Connecticut Attorney General William Tong announced the settlement.
WHAT:
CBS News - The egg producers will provide 53 million eggs to food banks as part of the settlement.
CT News Junkie - The financial penalty imposed on the egg producers is $3.3 million.
ABC News - The settlements require the companies to adopt antitrust compliance programs and ban communication with competitors on pricing and bidding strategies.
ABC News - The settlements would still need court approval.
ABC News - The Justice Department's Omeed A. Assefi stated that the proposed settlements “resolve years of conduct that dragged on Americans’ finances and their everyday lives.”
ABC News - Cal-Maine reported a profit of $1.22 billion for the 2025 fiscal year.
ABC News - The states involved in the settlement agreements include Arizona, California, Colorado, Connecticut, Florida, Hawaii, Iowa, Maryland, Minnesota, North Carolina, Ohio, Pennsylvania, Texas, Utah, Vermont, and Wisconsin.
ABC News - The U.S. Justice Department and 17 states reached settlement agreements with three major egg producers to resolve allegations of illegal collusion to raise prices, including when the cost soared to record highs last year.
ABC News - The average U.S. egg prices soared to a record high of about $6.23 per dozen in March 2025.
ABC News - Consumer egg prices later tumbled to under $2.20 per dozen as of May 2026.
ABC News - Cal-Maine will pay $1.5 million and donate 30 million eggs; Versova will provide 20 million eggs and $800,000; Hickman's will provide 3.25 million eggs and $1 million.
Inc - The price-fixing scheme allegedly drove egg prices to record highs for three years.
CBS News - The egg producers will provide 53 million eggs to food banks.
CT News Junkie - Connecticut will receive 1.5 million eggs as part of the settlement.
CT News Junkie - The financial penalty imposed on the egg producers is $3.3 million.
WHERE:
CT News Junkie - The settlement affects Connecticut.
WHY:
ABC News - The complaint alleges that the companies coordinated on what bids they would submit to Urner Barry Publications to artificially inflate daily price quotations for eggs between June 2022 and March 2025.
CT News Junkie - The settlement resolves a joint state and federal investigation into a long-running illegal scheme to manipulate egg prices.
HOW:
ABC News - The settlements would still need court approval.
ABC News - The settlements require the companies to adopt antitrust compliance programs and ban communication with competitors on pricing and bidding strategies.
CBS News - The settlement is part of a federal and state investigation into price-fixing practices by the egg producers.
(UPDATED July 1, 2026 08:19 UTC)
In a significant settlement, egg producers will provide 53 million eggs to food banks and face a financial penalty of $3.3 million. As part of the agreement, the companies are required to implement antitrust compliance programs and must refrain from discussing pricing and bidding strategies with competitors. However, these settlements still need to receive court approval before they can take effect.
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(UPDATED July 1, 2026 04:20 UTC)
The Justice Department's Omeed A. Assefi announced that proposed settlements, which still require court approval, aim to resolve years of conduct affecting Americans' finances and daily lives. Meanwhile, Cal-Maine has reported a substantial profit of one billion two hundred twenty million dollars for the 2025 fiscal year. The states involved in the settlement agreements include Arizona, California, Colorado, Connecticut, Florida, Hawaii, Iowa, Maryland, Minnesota, North Carolina, Ohio, Pennsylvania, Texas, Utah, Vermont, and Wisconsin.
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(UPDATED June 30, 2026 23:22 UTC)
The U.S. Justice Department, along with 17 states, has reached settlement agreements with three major egg producers to resolve allegations of illegal collusion that led to soaring egg prices, which peaked at a record high of about $6.23 per dozen in March 2025. As part of the settlements, Cal-Maine will pay $1.5 million and donate 30 million eggs, Versova will provide 20 million eggs and $800,000, while Hickman's will contribute 3.25 million eggs and $1 million. The agreements also mandate that these companies implement antitrust compliance programs and prohibit communication with competitors regarding pricing and bidding strategies.
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(UPDATED June 30, 2026 21:33 UTC)
Cal-Maine, Versova, and Hickman’s Egg Ranch are facing accusations of coordinating bids around a benchmark that influences egg pricing. This alleged price-fixing scheme reportedly pushed egg prices to unprecedented highs for three years. The situation continues to develop as more details emerge about the companies involved.
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(UPDATED June 30, 2026 19:45 UTC)
Connecticut Attorney General William Tong has announced a settlement involving three U.S. egg producers, which will see them provide a total of 53 million eggs to food banks, including 1.5 million eggs specifically for Connecticut. The settlement also includes a financial penalty of $3.3 million for the producers, resolving a joint state and federal investigation into their long-running illegal scheme to manipulate egg prices. This action is part of broader efforts to address price-fixing practices in the egg industry.