Both companies entered the transaction confident that the pro-competitive aspects of the combination would lead to approval by the Department of Justice. stLight.options({publisher: "d264abd5-77a9-4dfd-bee5-44f5369b1275", doNotHash: false, doNotCopy: false, hashAddressBar: false}); The Bumble Bee investment is reflective of the broader style at Centre, which Pollack and Jaffe say focuses on middle-market opportunities where the firm can leverage its strengths to help business owners and management teams that may not want to run an auction process with 50 bidders getting involved. However, given the intense competitive environment, we were not able to do so. Lischewski, who on Tuesday was found guilty of a felony count of fixing prices of canned tuna in violation of the US Sherman Act, used his newly minted Twitter account to post links to wine articles, including one less than 24 hours prior to the jury's verdict recommending an "exceptional, vibrant Spanish white wine." When I ask about the private equity firms fund raising, Jaffe and Pollack tell me that while they always have an eye on their next fund, the firm is still working through its fifth. UPDATE: June 16, 2020: Former Bumble Bee Foods CEO Chris Lischewski was sentenced to 40 months in prison and will need to pay a $100,000 fine after being convicted of price . FCF is Bumble Bee's biggest creditor, asks for special status with $50.5m owed. The real enigma was Shue Wing Chan, the former President and CEO of Chicken of the Sea (and cousin of Thai Union President and CEO, Thiraphong Chansiri). His sentencing has been set for 8 April, 2020. If it were not for this rule, there would have been no finding of a conspiracy in the U.S. tuna industry as the evidence clearly showed that there was no financial impact of any purported price fixing. I Read In Bed! That has since evolved and a Per Se violation is now a felony crime carrying a maximum prison term of 10 years and a $1 million fine. 2023 Diversified Communications. When defendant decided to engage in this crime, he already was a wealthy man and CEO of a major company. Lischewskis lawyers have countered with a request for a sentence of 12 months of home confinement and a fine of USD 25,000 (EUR 23,000). // ]]>//