Packaging Corp. To Pay $17.6 Million To Exit Antitrust Suit

By Michael Lipkin (April 16, 2014, 6:56 PM EDT) -- Packaging Corp. of America will pay $17.6 million to settle putative class action claims that it colluded with other containerboard manufacturers to drive up industry prices between 2005 and 2010, according to a motion filed Wednesday in Illinois federal court.

In addition to setting up a settlement fund, PCA has agreed to cooperate in the suit against the remaining defendants, including International Paper Co., according to the motion seeking preliminary approval of the settlement.

PCA will produce any outstanding discovery along with witnesses to authenticate the documents and provide up to three current executives to meet with plaintiffs' counsel to describe...

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