U.S. Unit Of Paper Giant Hit With Price-Fixing Charges

Law360, New York (December 13, 2006, 12:00 AM EST) -- Months after European regulators closed the book on their investigation into cartels in the fine paper industry, a U.S. unit of Finnish paper giant Stora Enso Oyj has been indicted in a federal court on charges of price-fixing.

On Wednesday, the U.S. Department of Justice revealed that Stora Enso North America had been charged with conspiring to fix the prices of certain coated paper products, Reuters reported.

The indictment, handed down by a Connecticut-based grand jury, accuses the Wisconsin unit of fixing the prices of paper...
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