Bubble Bee Foods, the company behind the canned tuna brand is filing for bankruptcy.
The San Diego-based corporation is seeking Chapter 11 protection.
For several years, it’s faced mounting legal costs associated with a federal price-fixing scandal.
Two years ago, Bumble Bee admitted that it worked with rivals Chicken of the Sea and Starkist to jack up canned tuna prices.
Bumble Bee still owes 17-million in fines and continues to face several class-action lawsuits.
It’s expected they’ll be acquired out of bankruptcy by a tuna supply company.
(AP Photo/Nick Ut)