StarKist to Pay $100 Million in Price-Fixing Case
A California federal court has reportedly refused to lower the fine of $100 million that StarKist must pay following a guilty plea on charges of price fixing. The company apparently argued that the penalty could bankrupt it because it continues to face potential civil damages, but the court found that StarKist had legal recourse to ask for an extended payment schedule should financial troubles arise. Under the court’s schedule, StarKist will pay $5 million within 30 days of the ruling, $11 million in 2020 and $21 million each year from 2021 to 2024.
