Fishermen Release Seafood Processors From Antitrust Suit

Law360, New York (April 3, 2012, 3:23 PM EDT) -- Representatives for more than a thousand commercial fishermen agreed Monday to drop claims that two seafood processing companies monopolized the market for fish caught off the West Coast, in exchange for a package of concessions designed to increase competitiveness and transparency.

Pacific Seafood Group and Ocean Gold Seafoods Inc. — accused in Oregon federal court of using a 2006 joint venture agreement to force fisherman to sell hauls to them at lower prices — will allow their deal to lapse when it expires in 2016, according...
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