In Major Salmon Case, Big Payout Agreed by Firms – Frozen Fish

Salmon Farming Companies Settle Price-Fixing Lawsuit for Over $5 Million – Frozen Fish

In a significant development, seven salmon farming companies have decided to settle a lawsuit. This lawsuit accused them of working together to fix salmon prices worldwide. The firms, including Newfoundland and Labrador’s Mowi and Grieg, will pay more than $5 million. Frozen Fish

The case involved big names in the industry, such as Cermaq Canada and Lerøy Seafood. They were said to have influenced salmon prices by controlling the Norwegian market. This action would have affected prices globally. However, this was never proven in court. By settling, the companies do not admit they did anything wrong.

Eligible Buyers to Claim Part of Multi-Million Dollar Salmon Lawsuit Settlement – Frozen Fish

Linda Visser, a lawyer, says settling can save companies time and money. This settlement is important for those who bought a lot of salmon in Canada between April 10, 2013, and February 20, 2019. They can now claim part of the settlement money. Frozen Fish

The firms have also decided to donate $250,000 to Food Banks Canada. This settlement still needs the Federal Court’s approval. This case is a big deal in the salmon industry and for those who buy salmon.

Font: essfeed.com

Neoking foods specialized in:  Brazilian Beef, Brazilian Chicken, Brazilian Pork, Brazilian Egg, Brazilian Breeders e Brazilian Duck, Brazilian Fish, Argentina Beef, Argentina Chicken, Argentina Pork, Argentina Mutton, Argentina Lamb / Uruguay Lamb, Uruguay mutton, Chile Beef, Chile Chicken / Paraguay Beef, Paraguay Chicken, Paraguay Pork