According to a one-count felony charge filed today in the U.S. District Court for the Northern District of California in San Francisco, the man and his co-conspirators agreed to fix the prices of packaged seafood from as early as 2011 until about 2013. In addition to his guilty plea, which is subject to court approval, the man has agreed to pay a criminal fine and cooperate with the division’s ongoing investigation.
“The Antitrust Division and its law enforcement partners are once again sending a strong signal that high-ranking executives responsible for fixing the price of shelf-stable tuna must be held accountable,” said Acting Assistant Attorney General Renata Hesse of the Justice Department’s Antitrust Division. “We will continue our work to root out the collusion among packaged seafood companies that targeted American consumers.”
According to the charge, the man and his co-conspirators discussed the prices of packaged seafood sold in the United States and agreed to fix the prices of those products. The defendant and his co-conspirators negotiated prices and issued price announcements for packaged seafood in accordance with the agreements they reached.
To read the entire DOJ Press Release please follow this link: Seafood Executive to Plead Guilty