Salmon Cartel Case Moves Forward Against Top Norwegian Fisheries

March 24, 2021, 4:06 PM

The world’s leading salmon fisheries must face allegations that they rigged the global market for farm-raised Atlantic salmon by manipulating a Nasdaq benchmark index pegged to its daily “spot” price in Oslo, Norway, a federal judge in Miami ruled.

Judge Cecilia M. Altonaga let the proposed antitrust class action advance, citing parallel pricing, claims of overpriced transactions between the fisheries and their subsidiaries, suspicious meetings among their executives, law enforcement investigations, and other circumstantial evidence.

Although none of the allegations is enough on its own, “taken together” they show the fisheries worked “to create the appearance of greater consumer demand ...

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