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.