Rose Acre victorious in lawsuit
Rose Acre Farms was victorious in a recent lawsuit. The agriculture website, agdaily.com is reporting that the egg producer faced an action brought by a class of direct purchasers alleging that it conspired with others to reduce the supply of eggs in the country. Last week a jury returned a complete defense verdict in Rose Acres favor.
According to the report, Rose Acre is one of three egg producers who received the favorable verdict in a case that began in 2008. Plaintiffs alleged that some egg producers committed antitrust violations by engaging in a conspiracy to raise shell egg prices by reducing the supply of eggs through the development and implementation of an animal welfare program designed to give caged egg-laying hens more space. The class was seeking more than $1 billion in damages, which could have resulted in a $3 billion verdict after trebling.