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Egg Giants Face Price-Gouging Probe | Washington DC News
Five major egg producers are under fire for allegedly colluding to inflate prices, sparking a civil lawsuit backed by 17 states. The Justice Department accuses them of manipulating market reports through Urner Barry Publications, driving up costs for consumers and businesses nationwide. Egg prices surged to a record $6.22 per dozen in March before dropping—coinciding with the investigation’s launch. As part of a proposed settlement, three companies will pay $3.3 million and donate 53 million eggs, while all must share data with competitors and adopt antitrust compliance programs. The move…
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