Land O’Lakes Inc. and two subsidiaries have agreed to a $25 million settlement in a class action alleging that they participated in an industry-wide price-fixing conspiracy among egg farmers.
The case, In re Processed Eggs Antitrust Litigation, accuses egg producers of conspiring to restrict the egg supply through cage space requirements, among other things, and exporting eggs at a loss to put pressure on domestic egg prices. James Pizzirusso, a partner at Washington’s Hausfeld LLP, one of four firms serving as co-lead counsel for the plaintiffs, said the class consists of thousands of direct purchasers of shell eggs and egg products, including restaurants, food distributors and food service companies.
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