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StarKist brand canned tuna. Photo by Diego M. Radzinschi/ALM StarKist brand canned tuna. Photo by Diego M. Radzinschi/ALM

StarKist Co. has agreed to a settlement worth $20.5 million with Walmart Inc. to resolve antitrust claims related to a conspiracy with other canned tuna companies to fix prices on their products. StarKist pleaded guilty to the charge last October.

StarKist vice president and general counsel Scott Meece said in a statement, “StarKist is pleased to resolve this matter with our valued customer, Walmart. The resolution is a business-oriented and reasonable one, which sets a benchmark for resolving remaining matters with our other valued customers.”

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Sue Reisinger

Senior reporter at ALM since 2004; based in Florida; covers general counsel and white collar crime; contact: [email protected]

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