Seattle Seven
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Seafood industry
A group of seven seafood companies, associated with the city of Seattle, Washington.
The seven companies are
- ADF Inc., doing business as Aleutian Dragon Fisheries
- Icicle Seafoods Inc.
- North Coast Seafood Processors Inc.
- North Pacific Processors
- Ocean Beauty Seafoods Inc.
- Trident Seafoods Corp.
- Wards Cove Packing Co. Inc.
They are known for negotiating a secret agreement with Exxon corporation in 1991, relating to punitive damages resulting from the Exxon Valdez oil spill, in which they were paid $63.75 million, and in return, should Exxon lose the case, they would repay Exxon almost all of their share of the money, which is expected to be about $750 million. (see this article (http://www.bizjournals.com/seattle/stories/2000/11/06/newscolumn3.html))