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Tag Archives: Great Pacific Seafoods

Kotzebue fisheries group wins its case against former directors

July 27, 2018 North Pacific

A fisheries group in Kotzebue has won its case against some of its former directors and their for-profit corporation, Chum, LLC. The directors were charged with breaching their fiduciary duty, or trust to act in the best interest of those they represented. “This case is an example of what happens when directors of a nonprofit take money from the corporation and use it for their own benefit,” said Myron Angstman, a lawyer for Kotzebue Sound Fisheries Association, which was the plaintiff in the case, in a statement. The court issued a decision on July 10 against two of the defendants after years of legal back-and-forth. >click to read<18:47

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Great Pacific Seafoods files for bankruptcy, shuts down operations in Alaska and elsewhere

May 29, 2016 North Pacific, Pacific

Great Pacific Seafoods, a processor with three plants and hundreds of workers in Alaska, announced Sunday that it is filing for bankruptcy and shutting down operations. The company kept corporate headquarters in Seattle but plants in Kenai, Whittier and Anchorage that processed salmon from the Copper River, Prince William Sound and Cook Inlet, as well as cod from the Gulf of Alaska. It pulled out of an operation buying Arctic chum in Kotzebue last summer. The move comes days after Great Pacific’s Kenai plant suddenly closed. The company filed for bankruptcy in Washington State, the release said. “We believe we have no other choice given the financial performance we experienced last year,” the statement said. Read the rest here 20:48

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Ocean Resource Privatization

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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