- Associated Press - Friday, May 6, 2016

ASTORIA, Ore. (AP) - A federal appeals court has upheld a lower court’s ruling blocking two major seafood groups from merging until a trial can determine if doing so would create a monopoly.

The Daily Astorian reports (http://bit.ly/1O3DZfO ) that on Tuesday a three-judge panel of the 9th U.S. Circuit Court of Appeals upheld a U.S. District Court’s injunction blocking Pacific Seafood Group from purchasing Ocean Gold Seafoods.

A group of fisherman took the purchase to trial, alleging that the purchase would give Pacific Seafood too much market power.

Clackamas-based Pacific Seafood announced last year that the deal to purchase Ocean Gold was canceled, but wanted the court to compel arbitration as part of a previous antitrust suit by fishermen that was settled.


Information from: The Daily Astorian, http://www.dailyastorian.com



Click to Read More

Click to Hide