- UPLOAD CONTENT
- Browse By Category
- Academia
- Activism
- Business Ethics
- Clean Technology
- Community Development
- Corporate Governance
- CSR General
- Diversity
- Employment & Appointments
- Environment
- Events & Entertainment
- Fair Trade
- Finance
- Green Building
- Health & Wellness
- Human Rights
- Natural/Organic Products
- Philanthropy/Corporate Contributions
- Ratings & Awards
- Renewable/Alternative Energy
- Research, Reports & Publications
- Socially Responsible Investing
- Sustainability
- Volunteerism
- Workplace Issues
- Multimedia
- About VCR
- Our Services
- Become A Member
- Subscribe To News Alert
- Contact CSRwire
Weyerhaeuser Loses Antitrust Suit, Ordered to Pay $28 Million
Date: 05-05-2008
Type: public policy
Categories: Corporate Governance / CSR - General
Source: Ethisphere
Type: public policy
Categories: Corporate Governance / CSR - General
Source: Ethisphere
A Portland jury just awarded plaintiffs $28 million in a now four-year-old class-action antitrust lawsuit against North American lumber company Weyerhaeuser. The jury said that the company violated antitrust laws through high prices and buying unnecessary amounts of lumber to prevent their competition from getting their hands on it. According to one article, these tactics gave Weyerhaeuser control of nearly 75 percent of the lumber market.
The case was brought about by Morelock Enterprises, and eventually turned into a class-action suit. Weyerhaeuser plans to appeal.
The case was brought about by Morelock Enterprises, and eventually turned into a class-action suit. Weyerhaeuser plans to appeal.
Organization:
Ethisphere