Bumble Bee Takes $25M Plea Deal In Tuna Price-Fix Case

By Cara Bayles (August 2, 2017, 10:02 PM EDT) -- Bumble Bee Foods LLC pled guilty to violating the Sherman Act in California federal court Wednesday, admitting to its role in a conspiracy to fix the price of canned tuna and agreeing to pay a criminal fine that was significantly reduced to $25 million, saying the company can't afford anything more.

Bumble Bee's general counsel and senior vice president, Jill Irvin, entered the plea in court Wednesday, telling U.S. District Judge Edward M. Chen that it was true the company had colluded with other seafood producers to inflate tuna prices from 2011 through 2013.

The $25 million criminal fine is less...

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