Stora Enso To Pay $8M To End Paper Antitrust MDL

Law360, New York (August 19, 2013, 8:46 PM EDT) -- Finnish paper company Stora Enso Oyj has agreed to pay $8 million to resolve a class action claiming that its former North American subsidiary, now a unit of the recently reorganized NewPage Holding Corp., conspired with a rival paper producer to fix prices, the plaintiffs said Monday.

A group of companies that bought publication paper, which is used in magazines and other printed materials, moved Monday for preliminary approval of the settlement inked in July, saying the $8 million payment was a good result given the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.