Stora Enso Cleared Of Antitrust Charges

Law360, New York (July 20, 2007, 12:00 AM EDT) -- A federal court has acquitted Finnish paper giant Stora Enso Oyj of antitrust charges levied by U.S. regulators, ruling that the company is not guilty of fixing the prices in the magazine paper industry.

In a decision handed down on Thursday, a federal court in Connecticut cleared Stora of allegations that the Finnish company had colluded with a competitor to set prices for coated magazine paper.

The jury found the company not guilty of a single count of conspiracy to restrain trade.

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