CLOSEBumble Bee Foods CEO indicted in price fixing case

The Justice Department says Bumble Bee was once ready to set costs for up to two and part years — from as early as the primary quarter of 2011 via as past due because the fourth quarter of 2013.
Time

SAN FRANCISCO – U.S. prosecutors have filed a legal rate in opposition to the CEO of Bumble Bee Foods as a part of an ongoing investigation into price fixing in the packaged seafood business.

A grand jury in San Francisco indicted Christopher Lischewski on one depend of price fixing, alleging that from November 2010 to December 2013 he conspired with others in the business to get rid of festival by means of surroundings costs for canned tuna.

Three other folks, together with a former StarKist tuna corporate govt, have in the past been charged. Stephen Hodge, a former senior vp for gross sales at StarKist, pleaded responsible closing yr to price-fixing

“American consumers deserve free enterprise, not fixed prices, so the department will not tolerate crimes like the one charged in today’s indictment,” Assistant Attorney General Makan Delrahim mentioned in a observation pronouncing Lischewski’s indictment.

Lischewski’s lawyer, John Keker, mentioned his shopper has lived a hardworking and moral lifestyles and is blameless.

“When the facts are known and the truth emerges, Mr. Lischewski will be found not guilty, and that vindication will rightfully restore his good name,” Keker mentioned in a observation.

The U.S. executive started investigating price fixing of canned tuna between StarKist, Bumble Bee Foods and Chicken of the Sea greater than two years in the past.

Two different executives at Bumble Bee have pleaded responsible in the price-fixing scheme, and Bumble Bee Foods closing yr agreed to pay a $25 million tremendous after pleading responsible to price fixing.

Bumble Bee basic recommend Jill Irvin has mentioned the corporate employed a first-rate compliance officer closing fall and just lately reformed its tips and insurance policies.
 

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