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Judge: StarKist to pay $100M fine in tuna price-fixing case

Judge: StarKist to pay $100M fine in tuna price-fixing case

Updated: September 11, 2019 02:33 PM

A federal judge in San Francisco has ordered StarKist Co. to pay a $100 million fine in a canned tuna price-fixing conspiracy involving three companies.

The Pittsburgh-based company had asked U.S. District Court Judge Edward Chen to reduce the fine to $50 million, arguing a $100 million penalty could bankrupt it because it still faces millions more in potential civil damages.

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Chen on Wednesday said the court found the company has the assets and the ability to borrow money to pay the fine.

Chen ordered the company to pay $5 million within 30 days and $11 million next year. Starting in 2021, the company will have to make payments of $21 million each year for four years.

StarKist last year pleaded guilty to a felony price fixing charge as part of a broad collusion investigation.

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Credits

Associated Press

(Copyright 2019 by The Associated Press. All Rights Reserved.)

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