Showing posts with label settlement. Show all posts
Showing posts with label settlement. Show all posts

Two processors settle up, save millions

More than two years ago, Deckboss posted an item about pending enforcement actions against two major processors, Peter Pan and Icicle.

The companies were accused of violating limits on crab processing, a very serious matter judging from the fines imposed: around $4.5 million for Peter Pan and $3.4 million for Icicle.

Now we understand the government has quietly agreed to much smaller penalties: $525,000 under the Peter Pan settlement, and $615,000 under the Icicle settlement.

The Icicle case was especially protracted, having begun in 2004.

A truce at Adak

The dispute between Adak Seafood LLC and its reluctant landlord, Aleut Enterprise LLC, appears to be sailing toward resolution.

Lawyers on Monday filed this notice in federal court in Anchorage saying the parties "have reached an agreement in principle to settle" the case.

You'll recall that Aleut went to court back in January to evict Adak Seafood over a lease dispute.

Presumably, the settlement will allow Adak Seafood to stay in the Adak Island fish plant and operate during the upcoming cod season.

The parties pledge to file a progress report within three weeks on their negotiations to finalize the deal.