Bumble Bee Files Bankruptcy

A “big tuna” company has announced its is filing for bankruptcy, seeking Chapter 11 protection, and we’re not talking about Jim Halpert from The Office .

For several years, Bumble Bee Foods faced mounting legal costs associated with a federal price-fixing scandal.

Matter of fact it was just two years ago that Bumble Bee admitted that they worked with rivals Chicken of the Sea and Starkist to jack up prices.

Source: https://www.bloomberg.com/news/articles/2019-11-21/bumble-bee-files-bankruptcy-after-price-fixing-fines-lawsuits

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