Board Maker Settles Antitrust Suit For $30M

Law360, New York (May 5, 2008, 12:00 AM EDT) -- An antitrust class action that has dragged on for more than five years will soon end for Canadian strand board manufacturer Norbord Inc., which has agreed to pay $30 million to settle allegations that the company violated U.S. antitrust laws.

Toronto-based Norbord did not admit or deny the allegations but said Monday that it would make the settlement in order to “limit the risks and costs associated with a prolonged trial.”

The settlement stipulates that Norbord will pay $30 million into an escrow account set up...
To view the full article, register now.