Starkist and Lion Capital have agreed to pay a compensation amount under $3.785 Tuna Price-Fixing Class Action Settlement. Two major Tuna brands with other companies were accused of working together to fix and raise the prices of food service-size packaged Tuna products. The individuals and entities who purchase the food service-size packaged Tuna products at the conspired higher prices can get the benefit of the settlement amount once the distribution begins. Important details and updates related to the Tuna Price-Fixing Class Action Settlement including its eligibility criteria, payment amount, and the deadline for the claim form submission are discussed in this post.
$3.875M Tuna Price-Fixing Class Action Settlement
Starkist, an American company that was formerly based in Pittsburgh’s North Shore and is currently owned by Dongwon Industries of South Korea; and Lion Capital LLP who is the former owner of Bumble Bee are two major producers of Tuna Products in the United States of America. According to the class action lawsuit, Starkist and Lion Capitals were involved in price-fixing and raising certain Tuna products between June 11, 2011, and December 31, 2016. Apart from that, other manufacturers like DWI, and previously settled Chicken of the Sea (COSI) were also included in the conspired price-fixing of food service-size Packaged Tuna Products.
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As a consequence of it, the two major manufacturers, Starkist and Lion Capitals LLP were sued as the purchasers had to pay more for these Tuna products. The Tuna companies have denied any wrongdoings but agreed to pay a $3.875 settlement to resolve the class action lawsuit. Now the consumers and the entities who purchased the higher priced products are able to receive a portion of the settlement amount under $3.875M Tune Price-Fixing Class Action Settlement. For that, the applicants are required to file the claim submission form before the given deadline. The class action lawsuit settlement has received Preliminary Approval of the settlement and is currently pending in the federal court of the country.
$3.875M Tuna Price-Fixing Class Action Settlement Details
| Article title | $3.875 Tuna Price-Fixing Class Action Settlement |
| Country | The United States of America |
| Companies involve | Starkist, Lion, and many other |
| Category | Class action lawsuit settlement |
| Purpose | To compensate for class members |
| Applicable for | Eligible citizens of the United States |
| Final approval status | Pending |
| Settlement amount | $3.875 Million |
| Year | 2024 |
| Official website | packagedseafoodantitrustcfpclass.com |
Eligibility for $3.875M Tuna Price-Fixing Class Action Settlement
The individuals and businesses who purchased Food Service-size Packaged Tuna Products from June 1, 2011, through December 31, 2016, are eligible for the compensation benefits under $3.875M Tuna Price-Fixing Class Action Settlement. However, those who purchased the Tuna Products from DOT Foods, Sysco, US Foods, Sam’s Club, Walmart, or Costco (collectively distributors) are eligible for the payment amount. It is advised to the applicants that settlement is applicable in the following states only:
- Arizona
- Arkansas
- California
- Florida
- Iowa
- Kansas
- Maine
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Nebraska
- Nevada
- New Hampshire
- New Mexico
- New York
- North Carolina
- North Dakota
- Oregon
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Utah
- Vermont
- West Virginia
- Wisconsin
Tuna Price-Fixing Class Action Settlement Payment Amount
Under the $3.875M Tuna Price-Fixing Class Action Settlement, class members can receive a pro-rata share of the settlement fund of the Starkist and Lion Capitals as per their purchases. As per the settlement, Starkist has agreed to pay $3.6 million while the Lion Capitals LLP has agreed to pay $275,000. To receive the benefit, class members do not have any need to file the claim submission form. This applies to those who have received a postcard showing their qualifying purchase value.
On the other hand, if you have received a postcard that does not show a qualifying purchase value, then you are not eligible for the $3.875M Tuna Price-Fixing settlement amount unless you successfully file a claim submission form before the given deadline. However, if you do not agree with the purchase values on receiving the postcard, you can object or exclude yourself from the class action settlement no later than August 30, 2024.
$3.875M Tuna Price-Fixing Class Action Settlement Claim Submission Deadline and Form
The deadline to file the claim submission form to receive the compensation benefit under $3.875M Tuna Price-Fixing Class Action Settlement is August 30, 2024. Those who are filing past the deadline may expect their eligibility to get neglected to receive the settlement amount. Thus, it is advised to be aware of the last date to file the claim and get your portion of the settlement amount.
The class action lawsuit is currently pending in the federal court and is scheduled for the final hearing on November 15, 2024. The distribution dates are not finalized as of now and are expected to be announced after the final year commences in November 2024. Those who are not qualified for the payment are advised not to file as it may impact other member’s eligibility. For more information and to file the claim submission form, you can also visit the official website of the Tuna Price-Fixing Class Action Settlement.
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David has spent Several years reporting on the oil and gas industry, uncovering the latest trends and technological breakthroughs. His expertise in energy markets and passion for sustainable practices make his articles both insightful and forward-thinking. Davis’s in -depth analyses are a staple for professionals seeking to stay ahead in this dynamic field.