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StarKist Pleads Guilty to Price Fixing and Faces $100 Million Fine

From nytimes.com

StarKist agreed to plead guilty on Thursday to one felony charge of price fixing for its role in a broad conspiracy to rig the price of canned and ready-to-eat tuna, the Justice Department said. The company faces a fine of up to $100 million for forcing shoppers to pay inflated prices from at least November 2011 through December 2013, the Justice Department said. The amount is to be determined in a hearing by the United States District Court in San Francisco, which must also approve the terms of StarKist’s plea agreement. StarKist, an American subsidiary of Dongwon Industries of South Korea, has also agreed to ... (full story)

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