Atlantic Salmon Farmers Hit With Price-Fixing Class Action
Law360 (May 15, 2019, 10:06 PM EDT) -- Seafood importer Beacon Fisheries Inc. lodged a proposed class action on Wednesday in Florida federal court, accusing several Norwegian-owned fish farming companies and their affiliates of conspiring to fix prices on Atlantic salmon they grew for sale in the U.S.
Beacon claims the price-fixing scheme has been ongoing since at least mid-2015. The Sunshine State-based seafood importer says the conspiracy came about as a response to the vagaries of the international market for farmed Atlantic salmon.
“Norwegian salmon farmers bear the typical risk of a commodity market, which includes substantial fluctuations in price as demand and available supply are reported on...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!