
News
Weyerhaeuser fights suit
May 12, 2003
By Pulp & Paper Canada
By Pulp & Paper Canada
May 12, 2003
By Pulp & Paper Canada
By Pulp & Paper Canada
Weyerhaeuser Co. will contest a verdict in an antitrust suit which involves five alder lumber companies in Oregon,…
Weyerhaeuser Co. will contest a verdict in an antitrust suit which involves five alder lumber companies in Oregon, Washington and British Columbia.
A recent jury verdict found the Washington-based timber giant guilty of creating an illegal monopoly in the market for logs of the native Northwest species.
Weyerhaeuser has taken a non-cash, after-tax charge of $52 million against first quarter earnings to cover the damages awarded by the jury.
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