Fishing company

Fishing company director convicted and fined for going to sea without an observer

Antonino (Nino) D’Esposito was fined $ 5,000 by Napier District Court. A fishing company manager was convicted and fined for allowing one of his boats to go to sea without an observer on board. Nino D’Esposito, manager of Hawke’s Bay Seafoods, was found guilty and sentenced on Monday for violating an advisory by allowing a […]

Fishing company

Class Action Claims Chinese Fishing Company Involved in Human Trafficking in Indonesian Waters

A recently filed class action lawsuit illustrates how allegations of illegal activity abroad can lead to exposure to a U.S. securities class action lawsuit, even for a Chinese fishing company incorporated in the Cayman Islands. According to the applicant in Zhong Zheng v. Pingtan Marine Enterprise Ltd., et al., Pingtan (trading on NASDAQ as “PME”) […]