Mergers & Antitrust Law News

Bumble Bee Ex-CEO Claims Ignorance of Price Fixing at Trial End

Dec. 2, 2019, 7:49 PM

Bumble Bee Foods LLC’s former Chief Executive Officer Chris Lischewski is pleading ignorance of any plans to fix prices of canned tuna in the U.S. in an attempt to persuade a jury to acquit him of criminal charges.

But prosecutors claim he was part of a conspiracy, which was described to alleged coconspirators as a “peace proposal,” to boost prices in order to meet earnings targets set by Bumble Bee’s 2010 sale to Lion Capital.

The thinly-veiled plan included coded language between executives at Bumble Bee and Starkist Co. to fix prices by “setting their own secret rules,” in which...

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