Tuna supplier Chicken of the Sea has reached an agreement with Walmart resolving antitrust claims brought by the retailer, according to a statement.
Under the terms of the agreement, Tri-Union Seafoods, which trades as Chicken of the Sea International, will pay a cash settlement and the two companies will participate in a series of joint programs and new product promotions in Walmart stores.
These activities will include the launch of new innovative products across Walmart stores.Walmart is the largest retailer for canned tuna in the US.
The settlement reflects the company’s status as the first tuna producer to engage the US Department of Justice as a whistleblower in the probe of price fixing in the tuna sector, Christianna Reed, vice president and general counsel, legal and risk management, said.Full Content: IntraFish
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Conducts First-Ever Raids on a Company Under Foreign Subsidies Regulation
Apr 23, 2024 by
CPI
FTC Moves to Ban Non-Compete Agreements, Aiming to Boost Labor Mobility
Apr 23, 2024 by
CPI
Federal Judge Nods at $418M Deal in Real Estate Antitrust Suit
Apr 23, 2024 by
CPI
Mexican Watchdog Probes Amazon and Mercado Libre Over Loyalty Bundles
Apr 23, 2024 by
CPI
Competition Commission of India to Probe AI Landscape for Competition
Apr 23, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI