Investors In $100M Paper Mill Project Close Book On Suit

Law360, New York (December 19, 2011, 7:38 PM EST) -- A Tennessee federal judge on Thursday signed off on a settlement putting to rest claims that investors in a $100 million paper mill didn't buy as much of the mill's products as they promised and doomed the mill to failure.

U.S. District Judge William J. Haynes Jr. granted his approval to a stipulation of discontinuance for the suit, in which paper mill investor International Forest Products Corp. contended that fellow investors Turkey Fields LLC and Custom Packaging Inc. misrepresented the mill's financial outlook and didn't live...
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