Norwegian Fisheries Pay $85 Million to Resolve Salmon Antitrust Case

Multiple Norwegian fisheries settled 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.