emailshot.io/p/LKaQi73kHN... Good Matt Levine piece on it from a few months ago, and even that doesn't have a ton on magnitude but the one quotation that does is that they were submitting bids two cents over what they thought the real price was

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(For context, egg expenditures in the US in 2023 was $13 billion (vs $9 b in 2019). Either this is a toothless response that only covers a fraction of a percent of the fraudulent price increase, or there was something else going on)

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OK - one discussion of magnitude - the fine was $3 million.

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(Obviously any attempts to coordinate prices should be vigorously prosecuted, but we can do that while thinking 2 is correct)

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Like I think 1.) “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.” 2.) The 2023 egg price shock was mostly S+D.

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