StarKist Order To Pay $100 Million Fine
StarKist Co. has been ordered by judge Edward Chen to pay a $100 million fine for canned tuna price-fixing conspiracy. In addition to the fine StarKist will be on 13-month probation.
The fine has been broken down in payments. In the next 30 days, the tuna company will have to pay $5 million. In 2020 they will have to pay $11 million. From 2021 – 2024 StarKist will have to pay $21 million each year.
“We have cooperated with the DOJ during the course of its investigation and accept responsibility, we will continue to conduct our business with the utmost transparency and integrity.” – Andrew Choe, Starkist Co. president
2019: $5 million
2020: $11 million
2021: $21 million
2022: $21 million
2023: $21 million
2024: $21 million