Maine v. Cooke Aquaculture, Inc. and Horton’s of Maine, Inc.
Complaint charged that tthe acquisition of a number of salmon aquaculture lease sites in Washington and Hancock Counties by Cooke Aquaculture Inc.from Stolt Sea Farms, Inc. would have placed Cooke in a virtual monopoly position, controlling most of the lease sites in the State suitable for raising salmon. The relevant market is highly concentrated Consent Decree requires Cooke to surrender its leasehold interest in four specified aquaculture sites to the Department of Marine Resources, as a means of bringing the company into compliance with a statutory acreage limit as well as antitrust laws. In addition, Cooke is required to divest or sell its interest in two significant salmon aquaculture sites in Cobscook Bay, known as Prince Cove and Rodger?s Island, within six months.
In re Maine Pride Salmon, No. 93-10580 (Bankr. D. Maine 1993)
Challenge to proposed merger of salmon aquaculture compnay in bankruptcy.