Chris Lischewski, former Bumble Bee Foods chief executive, was sentenced to more than three years in prison for his role in a price-fixing racket, a rare outcome in a U.S. antitrust crackdown.
Former Bumble Bee Foods Chief Executive Chris Lischewski was sentenced to more than three years in prison for his role in a price-fixing racket, a rare outcome in a U.S. antitrust crackdown.
The meat industry is facing the most aggressive attack by antitrust authorities in a century. Prosecutors have charged executives at two poultry producers, including the chief of Pilgrim’s Pride Corp., and hinted at additional charges in the chicken industry. The Justice Department is setting its sights on beef companies in a separate investigation, issuing subpoenas to the four biggest producers — Tyson Foods Inc., JBS, Cargill Inc. and National Beef Inc.
The judge allowed lawyers representing tuna purchasers in a parallel antitrust class-action lawsuit to speak at the sentencing.Betsy Manifold, who represents a group of consumers, including a Florida paramedic, a Maine police officer and three stay-at-home mothers, said her clients “suffered actual monetary harm by overpaying for a simple staple purchased by thousands,” including low-income households and the elderly.
Manish Kumar, an attorney for the Justice Department’s antitrust division, argued that age and “good acts” that high-level executives routinely engage in to maintain social and professional relationships can’t be the basis for a lenient sentence.“Like all of us, the defendant was neither all good nor all bad,” Kumar said. But he engaged in criminal conduct “when no one was looking,” Kumar said.
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