Atlantic Salmon Farmers Hit With Price-Fixing Class Action
By Mike LaSusa (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...
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