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
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