Jury orders egg providers to pay $17.7 million in damages for rate gouging in 2000s

Jury orders egg providers to pay $17.7 million in damages for rate gouging in 2000s

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INDIANAPOLIS — A federal jury in Illinois purchased $17.7 million in damages — an quantity tripled to more than $53 million under federal law — to numerous food production business who had tooklegalactionagainst significant egg manufacturers over a conspiracy to limitation the egg supply in the U.S.

The jury ruled last week that the egg manufacturers utilized different implies to limitation the domestic supply of eggs to boost the cost of items throughout the 2000s. The time frame of the conspiracy was an problem throughout the case; jurors eventually figuredout damages happened inbetween 2004 and 2008.

The damages decision was reached Friday in the Northern District of Illinois. According to federal antitrust law, the damages are immediately tripled, taking the overall to over $53 million. Court files on the decision were not easily readilyavailable Friday night, however declarations from the makers’ lawyer and one of the egg manufacturers verified a overall of about $17.7 million.

“We are very grateful for the jury’s service and findings,” Brandon Fox, an lawyer representing the food makers, stated in a declaration. “This was an essential case for numerous factors, and the jury’s award acknowledges its significance.”

Attorneys for the 4 egg providers called in the suit did not rightaway return phone messages on Friday. Court files program the accuseds have rejected the claims.

The egg providers consistof the household business of its previous Chair John Rust, who’s running for the U.S. Senate in Indiana. In a composed declaration on the decision, Rust stated the jury’s choice “will be appealed.”

The jury discovered that the egg providers exported eggs abroad to lower the general supply in the domestic market, as well as restricted the numbe

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