Los Angeles Times: Ex-Bumble Bee CEO gets prison term, a rarity in antitrust
June 16, 2020 – On Tuesday, June 16, U.S. District Judge Edward Chen sentenced former Bumble Bee Foods CEO Chris Lischewski to a 40-month prison term and a $100,000 fine for his role in the price-fixing of canned tuna prices, a rare outcome in antitrust cases. Judge Chen said Lischewski’s offense “was widespread, pervasive and affected an entire industry and, as this court has found, affecting a volume of commerce to the tune of $1 billion.”
Wolf Haldenstein partner Betsy Manifold spoke on behalf of the Firm’s clients at the sentencing, where she informed the court that they “suffered actual monetary harm by overpaying for a simple staple purchased by thousands,” including low-income households and the elderly.
The antitrust class action, in which Wolf Haldenstein is lead counsel, is currently before Judge Janis Lynn Sammartino, United States District Court Judge for the Southern District of California, in a Multi-District litigation titled In re: Packaged Seafood Products Antitrust Litigation, MDL 2670.
Read the LA Times article here.