Texas Attorney General Ken Paxton filed a lawsuit Thursday in a Harris County court claiming that Cal-Maine Foods Inc., the largest producer of eggs in the country, is price gouging, according to a press release.
The price of a dozen eggs was around $1 in early March but has since skyrocketed to more than $3, though there are no issues with supply or significant disruptions, according to the court filing. Paxton said Cal-Maine is “simply charging more because it can, or, more specifically, because the pandemic caused market demand to jump.”
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Penalties for violating the Texas Deceptive Trade Practices Act include fines of up to $10,000 per violation, plus an additional $250,000 if elderly consumers were affected. Cal-Maine did not immediately respond to a request for comment. — Naomi Andu