Company Alleges Anti-Competitive Actions for Norwegian Farm-Raised Salmon
Cape Florida Seafood has filed a lawsuit alleging that several companies have “conspired since at least 2015” to fix prices on farm-raised Norwegian salmon. Cape Fla. Seafood v. Mowi ASA, No. 19-22002 (S.D. Fla., Miami Div., filed May 17, 2019). The complaint asserts that salmon prices before 2015 were correlated with the cost of feed protein, while after 2015, “regression analyses indicate that . . . as fishmeal prices declined, farm-raised salmon prices increased.” The plaintiff asserts that the regression analyses “are concrete evidence that farm-raised salmon prices were not increasing as a response to costs and, instead, were being affected by Defendants’ combination, contract, and/or conspiracy.” Cape Florida Seafood seeks class certification and damages for the alleged unlawful restraint of competition in violation of the Sherman Act.