Monday, August 6, 2012

Price Fixing Lawsuit Revived

US court revives Stora Enso paper price-fixing case:
A federal appeals court in New York revived on Monday an antitrust lawsuit in which purchasers accused a unit of Finland's Stora Enso Oyj of conspiring to fix prices of coated paper used in magazines. The 2nd U.S. Circuit Court of Appeals said a lower court erred in dismissing the case against Stora Enso North America Corp, because a jury could reasonably find that it entered an unlawful agreement with Finland's UPM-Kymmene Oyj to raise the price of so-called "publication paper."