Cal-Maine has settled down egg products antitrust litigation for $28 million. Claim your refund in the form of pro rata share at EggProductsSettlement.com.
It is one of the basic rules of economics that, shortage of any product leads to increase in its selling price. Some companies make out wrong meaning of this rule and try to increase the selling price of their products illegally by introducing fake shortage of products I market. Cal-Maine Foods Inc. has come across the processed egg products antitrust litigation/Cal-Maine egg product price-fixing class action settlement; where class members have claimed for artificial inflated price of the egg products.
As per the allegation of class members, Cal-Maine has engaged in the scheme with other egg product producers to decrease the supply of eggs and indirectly forcing the direct purchasers to pay falsely increased price of egg products. Company has denied of any wrong going and whole concept of artificial increase in price. But to reduce court fees and other expenses related to settlement, company has agreed to do settlement with the $28 million settlement fund.
Any participant who have purchased specially processed egg or any other egg products during the time period of January 1, 2000 to February 28, 2014 are eligible to file claim into the sweepstakes.
Class members are categorized in two subclasses namely Shell Egg Subclass and Egg Products Subclass. Every eligible class member will get pro rata share of the total dollar amount of their egg product purchase. Class Members will receive a pro rata share of the Cal-Maine egg product settlement fund, based on the dollar amount of their direct purchases of Shell Eggs and Egg Products compared with to the total purchases of all Class Members who submit timely and valid claims.
People can objet into the class action. Last date to object in the class action is August 1, 2014. Every eligible class member need to file their claim into the settlement before the deadline line August 1, 2014. Final hearing will be take place on September 18, 2014. For more details and court documents, visit official site of Cal-Maine egg product price-fixing class action settlement www.eggproductssettlement.com.
Highlights of Cal-Maine egg product price-fixing class action settlement:
Official Cal-Maine egg product price-fixing class action settlement website: www.eggproductssettlement.com
Link to file online claim form: www.eggproductssettlement.com
Address of class action administrator:
In re Processed Egg Products Antitrust Litigation
c/o The Garden City Group Inc.
P.O. Box 9476
Dublin, OH 43017-4576
1-866-881-8306
Deadline to claim refund: August 1, 2014
Final hearing date: September 18, 2014
Class Counsel:
Steven A. Asher
WEINSTEN KITCHENOFF & ASHER LLC
Michael D. Hausfeld
HAUSFELD LLP
Stanley D. Bernstein
BERNSTEIN LIEBHARD LLP
Stephen D. Susman
SUSMAN GODFREY LLP
Defense Counsel:
Veronica S. Lewis
GIBSON DUNN & CRUTCHER LLP
Keywords: EggProductsSettlement- egg products antitrust settlement
It is one of the basic rules of economics that, shortage of any product leads to increase in its selling price. Some companies make out wrong meaning of this rule and try to increase the selling price of their products illegally by introducing fake shortage of products I market. Cal-Maine Foods Inc. has come across the processed egg products antitrust litigation/Cal-Maine egg product price-fixing class action settlement; where class members have claimed for artificial inflated price of the egg products.
As per the allegation of class members, Cal-Maine has engaged in the scheme with other egg product producers to decrease the supply of eggs and indirectly forcing the direct purchasers to pay falsely increased price of egg products. Company has denied of any wrong going and whole concept of artificial increase in price. But to reduce court fees and other expenses related to settlement, company has agreed to do settlement with the $28 million settlement fund.
Any participant who have purchased specially processed egg or any other egg products during the time period of January 1, 2000 to February 28, 2014 are eligible to file claim into the sweepstakes.
Class members are categorized in two subclasses namely Shell Egg Subclass and Egg Products Subclass. Every eligible class member will get pro rata share of the total dollar amount of their egg product purchase. Class Members will receive a pro rata share of the Cal-Maine egg product settlement fund, based on the dollar amount of their direct purchases of Shell Eggs and Egg Products compared with to the total purchases of all Class Members who submit timely and valid claims.
People can objet into the class action. Last date to object in the class action is August 1, 2014. Every eligible class member need to file their claim into the settlement before the deadline line August 1, 2014. Final hearing will be take place on September 18, 2014. For more details and court documents, visit official site of Cal-Maine egg product price-fixing class action settlement www.eggproductssettlement.com.
Highlights of Cal-Maine egg product price-fixing class action settlement:
Official Cal-Maine egg product price-fixing class action settlement website: www.eggproductssettlement.com
Link to file online claim form: www.eggproductssettlement.com
Address of class action administrator:
In re Processed Egg Products Antitrust Litigation
c/o The Garden City Group Inc.
P.O. Box 9476
Dublin, OH 43017-4576
1-866-881-8306
Deadline to claim refund: August 1, 2014
Final hearing date: September 18, 2014
Class Counsel:
Steven A. Asher
WEINSTEN KITCHENOFF & ASHER LLC
Michael D. Hausfeld
HAUSFELD LLP
Stanley D. Bernstein
BERNSTEIN LIEBHARD LLP
Stephen D. Susman
SUSMAN GODFREY LLP
Defense Counsel:
Veronica S. Lewis
GIBSON DUNN & CRUTCHER LLP
Keywords: EggProductsSettlement- egg products antitrust settlement
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