litigation
confidence high
sentiment negative
materiality 0.75
Cal-Maine Foods found liable by jury in egg price-fixing antitrust case; damages phase set for Nov 28-29
CAL-MAINE FOODS INC
- Jury found Cal-Maine liable for alleged conspiracy to inflate egg prices in Kraft Foods et al. v. United Egg Producers et al.
- Damages limited to 2004-2008 period; court rejected other portions of plaintiffs' case.
- Company will vigorously contest damages presentation and is evaluating appeal options.
- Damages phase scheduled for November 28-29, 2023 in U.S. District Court, Northern District of Illinois.