Paper Company Cuts $12.4M Settlement

Law360, New York (August 8, 2006, 12:00 AM EDT) -- International Paper Co. has agreed to pay $12.4 million to end a class action lawsuit brought by a group of private timber sellers in the Southeast who accused the paper, packaging and wood products company of violating antitrust laws.

According to the lawsuit, originally filed in 2002 in the U.S. District Court in Columbia, S.C., International Paper conspired with Canal Wood LLC and more than 50 of its other suppliers to artificially depress pulpwood stumpage prices. International Paper agreed with its suppliers in advance over what...
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