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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.
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within Finance and Banking, International Law and Consumer Protection topic(s)
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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.
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