00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Justice Department accused CalMain Foods, Hickman's Egg Ranch, and Versova
00:07of coordinating bids and trades to influence wholesale egg prices from 2022 to 2025,
00:14according to The Wall Street Journal. Prosecutors said executives used phone calls and messages to
00:19submit aggressive bids on the egg clearinghouse, a marketplace used by earner Barry, to set
00:25industry benchmark prices. The alleged conduct came as bird flu outbreaks reduced supply
00:30and egg prices hit records. CalMain and Versova denied wrongdoing, while Hickman said the alleged
00:38conduct happened before its late 2025 acquisition. The companies agreed to settle civil claims by
00:44donating more than 50 million eggs to food banks and paying $3.3 million to states that
00:49investigated the alleged misconduct. For all things money, visit Benzinga.com.
00:55For all things money, visit Benzinga.com.
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