Previous Bumble Bee CEO Sentenced for Function in Tuna Price-Fixing Plan

A Justice Department authorities said the sentence ‘will act as a substantial deterrent in the C-suite and the boardroom.’

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Richard B. Levine/Levine Roberts/Newscom/zuma press.

The former chief executive and president of Bumble Bee Foods LLC, was sentenced to more than three years in jail for his lead function in a conspiracy to fix costs of canned tuna, the Justice Department said.

A jury, after a four-week trial in late 2019, founded guilty the former executive, Christopher Lischewski, for taking part in an antitrust plan to repair canned-tuna costs in the U.S. from around November 2010 to December2013 He had been charged in May 2018 for the case.

Mr. Lischewski was also bought to pay a $100,000 fine for the scheme, which impacted more than $600 million in canned-tuna sales, prosecutors stated.

Mr. Lischewski, center, shown affirming on Capitol Hill in 2008, was also bought to pay a $100,000 fine.

Picture:.

Lauren Victoria Burke/Associated Press.

” The sentence imposed today will function as a considerable deterrent in the C-suite and the boardroom,” Makan Delrahim, assistant attorney general of the United States for the department’s antitrust department, stated Tuesday. “Executives who cheat American consumers out of the advantages of competitors will be brought to trial, especially when their antitrust criminal activities impact one of the most standard requirement, food.”

Mr. Lischewski on Tuesday said he rejects claims of rate repairing and will file an appeal. “I was found guilty of a criminal activity I did not commit and a crime where there is no victim,” he said in an opinion piece in Undercurrent News, a trade publication that covers the seafood market.

Bumble Bee pleaded guilty for its role in a conspiracy to fix rates and was sentenced to pay a $25 million fine, the Justice Department stated.

Bumble Bee didn’t immediately respond to ask for remark. StarKist in September 2019 stated the sentencing fixed all its impressive criminal antitrust problems. It decreased to comment Wednesday.

In November 2019, Bumble Bee applied for bankruptcy protection with a contract to sell its possessions to Taiwan’s FCF Fishery Co. for approximately $925 million.

Compose to Dave Sebastian at dave.sebastian@wsj.com

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