Tag Archives: Jessie’s Ilwaco Fish Co
Court OKs deal to keep Jessie’s Ilwaco Fish Co. afloat
San Francisco-based Pucci Foods is positioned to take ownership after a ruling by Judge Goelz on Monday, Dec. 6, in Pacific County Superior Court in South Bend.,, With up to 65 employees depending on the time of year, Jessie’s has been one of the largest employers in Pacific County, according to the Washington State Employment Security Department. It was also Ilwaco’s biggest water customer. With the commercial Dungeness crab season looming, many were concerned about the possibility of losing a primary seafood processor ahead of the lucrative fishery and the impact of having fewer places for fishermen to deliver crab and compete for their business. >click to read< 07:57
Jessie’s Ilwaco Fish Co. files for receivership
Receivership is similar to bankruptcy, but is handled under state law. The process is often used when a company is unable to meet its financial obligations. Receiver Christopher Wain was appointed on Feb. 26 by Pacific County Superior Court Judge Donald Richter, according to court documents. Jessie’s is owned by Alber Seafoods, Inc., a California company that also filed for receivership on the same day. Wain specializes in keeping companies running during a receivership, he said when reached Feb. 27., Jessie’s owes about $10.5 million in secured and unsecured debts and has assets with a book value of $7.1 million, >click to read< 09:50
Enviro Defense Fund Applauds 9th Circuit’s Pacific whiting fishery ruling
The Ninth Circuit on Wednesday upheld a federal program that limits the number of Pacific whiting, or hake, fishermen can catch off the Northwest Coast. Two fishing companies, Pacific Dawn and Jessie’s Ilwaco Fish Co., sued the Secretary of Commerce and the National Marine Fisheries Service in 2013, claiming the Fisheries Service unreasonably refused to consider fishing activity after 2003 and 2004 when it set new quotas in 2011 and 2013. The three-judge panel Wednesday refused to overturn U.S. District Judge Thelton Henderson’s 2013 grant of summary judgment. Writing for the panel, Judge Sandra Ikuta agreed that the Fisheries Service considered more recent fishing activity when it set quotas but that it “gave greater weight to historic participation” in setting the new limits. Pacific Dawn said it was “disappointed’ with the ruling. “The decision upholds an individual fishing quota program that resulted from no meaningful consideration of current harvests or present participation in the fishery, as Congress requires,” Pacific Dawn said in a statement. Read the rest here 11:59
