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US: DoJ asks for reduced fine for Bumble Bee

By  |  July 24, 2017

On July 19, the US Department of Justice (DOJ) filed a request for the court to accept Bumble Bee Foods plea agreement in the tuna price fixing case.

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    The DOJ stated that Bumble Bee has provided “substantial assistence” in the ongoing case and is unable to pay a full criminal fine.

    Bumble Bee’s original fine was to have been between US$136.2 million and US$272.4 million, but the plea agreement reduces said fine to only US$25 million, although in the event of a sale the company would need to pay US$81.5 million.

    To date, two former Bumble Bee executives and one former Starkist executive have been charged and pleaded guilty to collusion and price fixing the canned and packaged tuna market.

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