Cal-Maine Foods reached an agreement with the U.S. Department of Justice and 17 states to resolve alleged antitrust claims, agreeing to compliance measures, a 30 million egg donation and $1.5 million in state payments while admitting no wrongdoing.
Key Highlights:
- Agreement with DOJ and 17 states resolves antitrust claims after a 15-month investigation; subject to court approvals.
- Cal-Maine denies wrongdoing and was not assessed fines or penalties under the agreement.
- Company will implement antitrust compliance and reporting measures as part of the resolution.
- Cal-Maine agreed to donate 30 million eggs to food banks/non-profits to address states' claims.
- Company will pay $1.5 million total to the states to resolve the matter.
Original SEC Filing:
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