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Norwegian salmon company agrees to settle 817 million kroner in the United States

Photo: Terje Bendiksby / NTB

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Mowi, Leroy, Salmer, Grieg Seafood, and two other Norwegian salmon companies have entered into a settlement in the United States. In total, they will pay about SEK 817 million.

According to E24, the settlement will follow the allegations of anti-competitive behavior. Both companies were sued in 2019 for “illegal adjustments” in a large US lawsuit.

The settlement requires approval by a Florida court.

The two companies have stated in a stock exchange announcement that they believe the claims against them are unfounded, but still agree to a settlement.

“Not a self-confidence of sin”

“All defendants have firmly rejected charges of anti-competitive behavior and have a clear opinion that the allegations are groundless,” said a stock exchange announcement from Salmar.

They justify the decision to accept the settlement as follows:

“Given the high costs associated with proceedings in the United States and the need for such proceedings timelines and extensive internal resources, SalMar ASA has accepted the settlement for purely commercial reasons. Reconciliation does not represent liability or conviction of sin. ”

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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https://norwaytoday.info/news/norwegian-salmon-companies-agree-to-800-million-kroner-settlement-in-the-usa/ Norwegian salmon company agrees to settle 817 million kroner in the United States

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