A PYMNTS Company

US: Norwegian salmon giants receive US subpoenas in price-fixing probe

By  |  November 17, 2019

The US Department of Justice (DOJ) will subpoena Mowi as part of a criminal investigation into alleged price-fixing of Atlantic salmon markets, the company disclosed.

Fellow salmon farmers Grieg Seafood and its sales arm Ocean Quality, which is co-owned with Bremnes Seashore, another Norwegian farmer, also received subpoenas, those companies stated. SalMar also confirmed a subpoena, but Leroy Seafood Group has not yet. 

According to a press release, Mowi was informed it will receive a subpoena from the DOJ’s Antitrust Division “in the USA where they are opening a criminal investigation involving allegations of similar conduct,” reported Yahoo. 

The news follows a previous investigation opened by the European Commission and related civil lawsuits alleging price-fixing from US consumers.

“Mowi considers that there are no basis for the EU inspection and that the class action complaints clearly lack merit and are entirely unsubstantiated. This equally applies to any criminal investigation in the US,” the company stated.

Full Content: Yahoo

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.