Norway’s biggest salmon companies settle price-fixing lawsuit in the US for $85 million

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The world’s leading farmed salmon producers have settled for US$85 million a US class-action lawsuit that alleged they conspired to fix prices of farmed salmon.

The lawsuit was filed in 2019 on behalf of US buyers of Norwegian farmed salmon. It accused Mowi, Grieg Seafood, Lerøy Seafood, and SalMar of conspiring to fix the prices of farmed salmon.

“While all defendants reject that there is any basis for the claims and consider the complaints to be entirely unsubstantiated, all defendants in the US class action related to the direct purchaser case have now, following a mandatory mediation procedure, accepted a settlement offer from the direct purchaser plaintiffs subject to approval by the court of Southern District of Florida. The total settlement amount for all defendants is $85 million,” the salmon producers stated on their individual websites.