Norwegian salmon farmer Grieg Seafood is feeling the pain of dealing with a price-fixing lawsuit filed in the United States related to an anti-trust investigation by the European Commission.
In its quarterly financial report this week, the company reported it has spent around NOK 8 million (€804,464/$891,960) on legal fees during the quarter, which accounted for 40 percent of of its one-off costs during the period. The costs were double those of the same period last year.
"While we wish we could spend these resources on investments that would enhance value in some way, it is not impacting our business as a whole," Grieg Seafood Global Communications Manager Kristina Furnes told IntraFish.
