A recent class-action lawsuit against Land O'Lakes alleges that the farmers' co-operative was part of a price-fixing conspiracy within the the ovo-industrial complex to keep egg prices artificially high. According to court documents, conspirators worked toward having fewer total hens laying in the United States, leading to more money per egg for everyone, and a nice violation of the Sherman Antitrust Act.
Thursday, June 10, 2010
Lawsuit: Land O'Lakes Must Pay $25 Million For Massive Egg Price-Fixing Conspiracy
A recent class-action lawsuit against Land O'Lakes alleges that the farmers' co-operative was part of a price-fixing conspiracy within the the ovo-industrial complex to keep egg prices artificially high. According to court documents, conspirators worked toward having fewer total hens laying in the United States, leading to more money per egg for everyone, and a nice violation of the Sherman Antitrust Act.
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