Euclid Fish Files Class Action Lawsuit Alleging Price Fixing by Marine Harvest, Other Salmon Firms
Euclid Fish has enlisted the high-powered law firm, Hausfeld, to file a US anti-trust case against Norwegian Salmon producers. The case was brought in Miami district court.
Hausfeld has won some of the largest anti-trust cases and settlements in history, including one against a consortium of banks challenging their method of converting currency, and another against Volkswagen for their diesel emissions cheating.
The complaint charges a conspiracy to keep salmon prices artificially high through coordination, explicit conversations, and coordinated attempts to manipulate the spot price of Norwegian salmon.
It was touched off by the fact that the EC is similarly investigating a possible anti-trust case against the major salmon companies. Mowi, Salmar, Leroy, and Grieg have all confirmed...Full Story »