StarKist admits fixing tuna prices, faces $100 million fine

FAN Editor

Authorities say StarKist has agreed to plead guilty to price fixing as part of a broad collusion investigation of the canned tuna industry.

Federal prosecutors announced the plea agreement Thursday and said the company faces a fine up to $100 million. Bumble Bee Foods last year pleaded guilty to the same charge and paid a $25 million fine.

Chicken of the Sea has not been charged because prosecutors say the company exposed the scheme and co-operated with the investigation.

Two former Bumble Bee executives and a former StarKist executive also each pleaded guilty to price-fixing charges.

Former Bumble Bee chief executive Christopher Lischewski has pleaded not guilty to a price fixing charge.

The three companies are accused of conspiring to keep canned tuna prices artificially high between 2010 and 2013.

Free America Network Articles

Leave a Reply

Next Post

"He's guilty as sin": Former gymnast slams ex-USA Gymnastics CEO

In an interview on “CBS This Morning,” former Team USA gymnast and USA Gymnastics board member Jessica Howard excoriated the organization for caring only about “money and medals” and called its ex-president Steve Penny “guilty as sin.” Penny was arrested Wednesday after a grand jury indicted him for allegedly ordering […]

You May Like