Criminal,
Corporate,
Antitrust & Trade Reg.
Sep. 12, 2019
Judge orders Starkist to pay $100M fine in price-fixing scheme
StarKist Co. will pay a $100 million criminal fine for its role in a canned tuna price-fixing scheme, a federal judge ruled Wednesday.
SAN FRANCISCO -- StarKist Co. must pay $100 million for its role in a canned tuna price-fixing scheme, a federal judge ruled Wednesday.
Despite arguments it would bankrupt the company, U.S. District Judge Edward Chen denied a $50 million reduction and imposed the maximum fine, finding it has sufficient financial resources.
StarKist ...
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