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legalcorporate2 years ago

"Egg suppliers held accountable with $17.7 million in damages for price gouging in the 2000s"

A federal jury in Illinois has ordered major egg producers to pay $17.7 million in damages, which will be tripled to over $53 million under federal law, for conspiring to limit the egg supply in the U.S. between 2004 and 2008. The jury found that the egg suppliers engaged in various tactics to increase egg prices, including exporting eggs abroad and reducing the number of chickens. Food manufacturers including Kraft Foods, Kellogg Company, General Mills, and Nestle USA joined as plaintiffs in the lawsuit. The egg suppliers named in the lawsuit, including Cal-Maine Foods and Rose Acre Farms, have denied the claims and plan to appeal the verdict.

legalcorporate2 years ago

Watchdog Urges Judge's Recusal in Activision Case Due to Microsoft Connection

An industry watchdog group, The Revolving Door Project, is calling for the recusal of U.S. District Judge Jacqueline Scott Corley, who is overseeing the case regarding Microsoft's $68.7 billion bid to acquire Activision Blizzard, due to a conflict of interest. The group argues that Corley's son's employment at Microsoft, even outside the gaming division, violates rules on avoiding impropriety and the appearance of impropriety. They claim that this proximity to the company could influence the judge's objectivity and undermine public trust in the court. The judge's decision on whether to temporarily halt the merger is expected to have significant implications for the deal's outcome.