Weyerhaeuser Plans Appeal Of $28M Jury Award

Law360, New York (April 29, 2008, 12:00 AM EDT) -- Weyerhaeuser Co. said Monday that it expects a $28 million jury verdict in a class action that accused the company of monopolizing the market for finished alder lumber will be overturned on appeal, but plaintiffs counsel expects the verdict to withstand appellate scrutiny.

But the $27.98 million award, issued Monday after a two-week trial in the U.S. District Court for the District of Oregon, will be trebled, a spokesman for Federal Way, Wash.-based Weyerhaeuser said Tuesday.

Weyerhauser's senior vice president and general counsel, Sandy D. McDade,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.