Saturday, September 27, 2008

Second class action lawsuit filed against Moark for price fixing

Two class action lawsuits alleging price fixing were filed in a two-day period against Moark Egg Products, Neosho, and other egg producers.

The first lawsuit,filed in federal court in Minnesota, was detailed in the Sept. 26 Turner Report.

The newest lawsuit, filed in federal court in Pennsylvania, claims the United Egg Producers Association, one of the defendants, and the egg producers have been fixing prices for the past eight years:

The aim of defendants' conspiracy was to conduct a supply control campaign designed to reduce output and artificially fix and inflate the price of eggs.


The lawsuit lists several methods through which the egg producers, including Moark, limited production to drive prices to record highs.

The lawsuit was brought by T. K. Ribbings Family Restaurants, a New York corporation.

The price fixing allegations are the subject of a Department of Justice investigation.

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