StarKist Pleads Guilty To Price Fixing In Alleged Collusion In Canned Tuna Industry

A StarKist brand product is seen on a grocery store shelf. Authorities say StarKist has agreed to plead guilty to price fixing as part of a broad collusion investigation of the industry.

Lisa Poole / AP

Updated at 12:56 p.m. ET

StarKist Co. has reportedly agreed to plead guilty to charges of price fixing as part of a conspiracy with two of its competitors to keep the price of canned tuna high.

Federal prosecutors announced the plea agreement on Thursday, which includes a fine of up to $100 million, according to The Associated Press. In the same deal, a former StarKist executive and two former Bumble Bee Foods executives pleaded guilty to price fixing.