The US DoJ announces a $100,000 fine and a sentence to 40 months in prison a former CEO for his role in a tuna price-fixing conspiracy involving two competitors (Bumble Bee Foods)

On 16 June 2020, the former CEO of Bumble Bee Foods LLC was sentenced to 40 months in prison and fined US$100,000 for his role in a tuna price-fixing conspiracy involving two competitors. [1] This sentence is one of the most significant penalties ever imposed on a corporate executive in a criminal price-fixing case and highlights a significant increase in antitrust scrutiny of the food industry that has resulted in both government enforcement and numerous civil antitrust class actions against major food producers. Many of these food industry antitrust cases revolve around trade association activity and third-party information exchanges. While such activities are generally lawful and procompetitive, certain factors may expose food companies to greater antitrust risk and leave them

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

Quotation

William L. Monts III, Charles (Chuck) Loughlin, Edith Ramirez, Justin W. Bernick, Benjamin F. Holt, The US DoJ announces a $100,000 fine and a sentence to 40 months in prison a former CEO for his role in a tuna price-fixing conspiracy involving two competitors (Bumble Bee Foods), 16 June 2020, e-Competitions July 2020, Art. N° 95419

Visites 65

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues