Rose Acre Farms, another egg producer and two trade groups were found liable in the federal price-fixing case.
Corrections and clarifications: John Rust is the former chair of the board of Rose Acre Farms, Inc. His brother and CEO of the company, Marcus Rust, took over the role of board chair in September.
A verdict in a federal lawsuit over price-fixing by some of the country’s largest egg companies has bled into Indiana’s 2024 U.S. Senate race.
You know what's fun? You click through to the Rose Acre Farms, Inc. website in the article and the first thing you see is the words: "Family-Owned with Small-Town Values" and the second thing you see is a Bible quote.
Not surprising. I used to own a business and almost everyone who bounced a check or otherwise failed to pay their bill had, "have a blessed day" on their voice mail message. Now it just feels like anyone spouting Bible quotes or telling me to have a blessed day is just a scammer working an angle.
There needs to be a new federal law against things that "Negativity Impact the American People" with very strict penalties. So just like someone can break a state or local law and then federal prosecutors can also come in and charge them for a federal crime.
Would cover this, the banks and wall Street for 2009, J&J asbestos in talc powder, opioid epidemic, etc.
Sure those laws end in fines or class action lawsuits less then the profit made. But now the people in charge that knew what they were doing get a federal prison sentence. Golden parachute right into 10 years behind bars.
They need to start actually jailing executives who are clearly culpable for this shit. Like real jail sentences. Fines mean nothing to these companies.
Jail won't do anything. You have to hit them where it hurts. We need to make criminal behavior cost them personally.
Minimum fine = 100% of all gross revenue generated from the illegal activity. This fine will be paid out of personal assets of the guilty executives first, then sezuire of stocks as assets of the board of directors and major stockholders. If this equals the governments owning a controlling interest in the company, then it is converted to an employee owned entity.
Rose Acre Farms! There's some super weird stories linked to the founder, David Rust. Three of his employees were murdered/died under unusual circumstances in the 1970s and 80s. Theresa Osborne, Mike Reese, and Carrie Croucher. All unsolved. All involve small town weirdness and rumors.
Aside from the deaths, there was the scandal in the 80s where he left his wife because he "wanted more children and more chickens." He already had seven kids with his first wife, Lois. He found a much younger woman and had five or six more. Lois eventually divorced him and, along with her seven kids, took majority control over Rose Acre.