Chicken Of The Sea settles deal in antitrust lawsuit with Walmart
Wednesday, May 23, 2018, 02:40 (GMT + 9)
Seafood provider Chicken of the Sea International (COSI) has signed an agreement with Walmart Inc., the largest canned tuna retailer in the United States, in order to settle antitrust claims brought by the retailer.
Under the terms of the multi-pronged agreement, COSI 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.
"The settlement reflects Chicken of the Sea International's status as the first tuna producer to engage the U.S. Department of Justice as a whistleblower in this case. This resolution is a significant achievement for Chicken of the Sea International and the newly appointed leadership team. We look forward to reaching additional pragmatic solutions to resolve the ongoi... FULL STORY