Tag Archives: acquisition of Ocean Gold
9th U.S. Circuit Court of Appeals backs fishermen in antitrust suit
A federal court order blocking Pacific Seafood Group from purchasing Ocean Gold Seafoods will remain until a trial into whether the sale would create a monopoly. Commercial fishermen won a preliminary injunction against the sale last year in U.S. District Court in Medford. A three-judge panel of the 9th U.S. Circuit Court of Appeals upheld the district court’s order Tuesday. The fishermen allege that Pacific Seafood’s acquisition of Ocean Gold, a large fish processor in Westport, Washington, would establish a monopoly in the groundfish, whiting and coldwater shrimp markets. “Fishermen in Warrenton and Astoria have a significant stake in this battle,” Haglund said. “If Pacific Seafood were successful in acquiring Ocean Gold, industry sources tell us that the Warrenton plant will never be rebuilt and would be little more than a landing station.” Read the story here 14:00
