Despite a record quarter for Bergen, Norway-based Grieg Seafood, the salmon farming giant took a NOK 155 million ($15.9 million/€15.9 million) cost for damages and legal fees related to price-fixing cases it recently settled.
The costs, which were reflected in pre-tax earnings in the company's second quarter, were related to cases in both the US and Canada, Grieg CEO Andreas Kvame told IntraFish.
Kvame noted that the company has denied wrongdoing in the cases, but declined to answer further questions on the issue.
