Fishermen who alleged that an Oregon company used its size to hold down the prices it paid for seafood have settled their suit and won’t get any damages or see the company broken up.
The Eugene Register-Guard reported that Pacific Seafood Group has agreed to steps the fisherman believe will increase competition for seafood.
The case was initially brought by a father and son from Brookings, Ore., and once sought $500 million in damages. The Register-Guard said that has the case unfolded, it became clear there wasn’t evidence to support claims the company unfairly used its buying and selling power.
U.S. District Judge Michael Hogan of Eugene mediated the settlement.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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