P.E.I. government still in legal battle with Ocean Choice

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What happened to the $10 million seafood processor Ocean Choice Inc. owed the P.E.I. government?

That’s a question I’ve heard a few times lately as Island lobster fishermen get ready for another season.

All of that money is in legal limbo thanks to dueling lawsuits between OCI and the provincial government.

It was about three years ago that OCI announced it was closing its Souris plant, leaving almost 300 people with uncertain job prospects.

A few months later the provincial government sued the company as it tried to recoup $9,750,000 it said OCI had outstanding on a promissory note.

OCI later sued the province, seeking more than $19 million after it said the provincial government gave financial aid to competitors and broke an agreement that dated back to 2004.

That agreement expired earlier this month.

In a sign of how slowly civil legal proceedings can move, the case is still before the courts without a trial date set, if it even goes to trial.

So for anyone wondering where all that money is, it could be a while before anyone knows who ends up with it.

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Recent comments

  • Chester L
    May 11, 2014 - 04:44

    The View From Martinvale..........Chester L 1. your a persistent Journalist , Mr Ryan Ross, seeing you have such a lonely slot here and 0 comments I thought I would drop you a line.... 2. Their is no interest on PEI now for better government, only the vote on election day will decide who our folks want to run the Government . 3. Accountability, Transparency, Honesty should be the hallmarks of who we elect. 4. The fact remains and is in Public domain that either Ocean Choice or the province of PEI will win the court battle of " Who owes Who "...why has it not gone to court yet, that would be interesting to " Investigative Reporting into " 5. The Real facts should be republished again as to what the " Law suite versus Counter law suite " was based on........I am not sure if that was published or not. Interesting where are you going from here Mr Ross........:)