Walmart, Costco, Trader Joe’s, Kroger and dozens of other food retailers have been accused of illegally inflating the price of eggs sold in California amid coronavirus pandemic.
wholesale benchmark for a dozen, conventionally raised California shell eggs was $1.55 on March 2. Yet, by March 27, the benchmark had risen to $3.66. That number has decreased slightly to $3.26 since early April.the current increase in wholesale prices is due to increased demand.
“People see a sharp increase in prices and assume they’re being gouged, but it’s just a function of the market,” he said. “Egg prices are up because demand is up sharply. Suppliers are seeing four, five, six times the level of demand as before, and there’s essentially a fixed supply.” While numerous stores and farms are named in the suit, it’s possible that not all of them were involved in the alleged illegal activities.
“Plaintiffs cannot assert that every defendant engaged in price-gouging, but plaintiffs can and do assert that some or all of these defendants illegally marked up egg prices following the Governor’s declaration of an emergency in violation of California law,” the lawsuit reads. Plaintiffs in the case are seeking class-action certification, an injunction issued to those guilty of price-gouging and restitution for the “plaintiffs and absent class members in an amount determined by the court."
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