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Price Fixing Suit Filed Against Pacific Seafoods

A class action law suit has been filed against seafood giant Pacific Seafoods alleging the company has engaged in unfair business practices to fix prices for Northwest fishermen. The suit seeks in excess of $500 million dollars in damages. The suit was filed in United States District Court in Portland in late June. Pacific Seafoods controls a large share of the shoreside fish processing plants in Oregon and Washington and owns a fleet of vessels. Pacific Seafoods reportedly has gross revenues of one billion dollars per year and employs 1,500 to 2,000 employees. Frank Dulcich, CEO of Pacific Seafoods, reportedly owns 54 companies involved in the Pacific Northwest fisheries. The fishermen bringing the suit against Dulcich's company allege he has created a monopoly and anticompetitive environment in crab, shrimp, groundfish and whiting fisheries. Pacific Seafoods denies the allegations of the complaint.

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