ARTICLE · 18 SEPTEMBER 2017
THE LATEST: DOJ's Packaged Seafood Probe Yields Conditional Leniency Applicant
On Monday, September 11, Tri-Union Seafoods LLC, the US subsidiary of Thai Union Group, announced it blew the whistle on competitors in the US Department of Justice's (DOJ) investigation...
United StatesAntitrust/Competition Law
On Monday, September 11, Tri-Union Seafoods LLC, the US
subsidiary of Thai Union Group, announced it blew the whistle on competitors in
the US Department of Justice's (DOJ) investigation of the
packaged seafood industry. The "Chicken of the Sea"
canned tuna manufacturer also said it received conditional leniency
from DOJ in exchange for its cooperation.
WHAT HAPPENED:
- In 2015, DOJ began investigating the
packaged seafood industry for anticompetitive conduct, including
price fixing. DOJ's investigation followed a failed merger
between Thai Union and Bumble Bee Foods LLC.
- In May 2017, Bumble Bee pleaded guilty to violations of Sherman Act
Section One. Bumble Bee agreed to fix the price of shelf-stable
tuna fish from as early as the first quarter of 2011 through at
least the fourth quarter of 2013. The company agreed to pay a $25 million fine, which was
substantially reduced to protect the company from insolvency. Two
Bumble Bee executives also pleaded guilty.
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