Farm-Raised Salmon and Salmon Products Antitrust Litigation
Multiple Norwegian fisheries settled [pdf attached: Salmon Antitrust Case] a class action litigation over their alleged scheme to fix the price of farm-raised Atlantic salmon after a federal judge in Miami approved an $85 million settlement with salmon processors and other direct purchasers. The lawsuit accused the fisheries of rigging the global salmon market by manipulating a Nasdaq benchmark index pegged to the fish’s daily “spot” price in Oslo.
[To accompany Federal Court Case Law Update "Norwegian Fisheries Pay $85 Million to Resolve Salmon Antitrust Case" from Brooks Animal Law Digest Issue No. 155.]