litigation
confidence high
sentiment negative
materiality 0.75
Cal-Maine Foods faces $17.8M jury verdict in antitrust case; company to seek directed verdict
CAL-MAINE FOODS INC
- Jury awarded $17.78M in damages to plaintiffs in Kraft antitrust case; damages may be trebled plus attorneys' fees.
- Cal-Maine Foods shares liability with three other defendants; company believes verdict is not supported by law.
- Company will pursue a directed verdict and may appeal; case is not final.
- Two prior trials on same facts found no conspiracy; jury did not find UEP program a restraint of trade.