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Weyerhaeuser fights suit

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.