Vessel owner countersues Cape Ann Seafood Exchange

And this is why they call it a counterclaim. Longtime Gloucester fisherman Giuseppe “Joe” DiMaio has responded to the federal lawsuit filed against him by Kristian Kristensen of the Cape Ann Seafood Exchange, refuting many of the details of Kristensen’s initial action and stating the rift between the two business associates originated with a dispute over fish prices. On Jan. 19, Kristensen sued DiMaio and the ownership corporations of his four fishing boats in U.S. District Court in Boston, alleging DiMaio has failed to pay the approximately $710,000 balance remaining on two personal and corporate loans from Kristensen and his related businesses. >click to read< 21:27