Guilty Plea in Packaged Seafood Price Fixing Conspiracy
The Department of Justice announced Dec. 21 that the current senior vice president of trade marketing of a leading packaged seafood company has agreed to plead guilty for his role in a conspiracy to fix the prices of packaged seafood such as canned tuna sold in the U.S. The DOJ states that this executive and his co-conspirators negotiated prices and issued price announcements for packaged seafood in accordance with the agreements they reached, with these activities taking place from as early as 2011 until about 2013. In addition to his guilty plea, the executive has agreed to pay a criminal fine and cooperate with the DOJ’s ongoing investigation.
This is the second charge in an ongoing federal antitrust investigation into the packaged seafood industry, which is being conducted by the Antitrust Division’s San Francisco office and the Federal Bureau of Investigations’ San Francisco field office.