Top 10 stories that defined Europe’s 2014 seafood industry

7. In May, a Spanish court judge allowed bankruptcy proceedings against Pescanova SA (PVA) to end, following the signing of an agreement between the seafood giant and its creditors to settle its debts. The move allowed the company to continue operations under its new management. Pescanova’s financial scandal started in February 2013, when the company refused to disclose its debts. That led to an investigation by Spanish financial regulators that uncovered massive malfeasance leading to the removal and replacement of the company’s chairman and CEO, along with the company’s entire board of directors.