Corporate
Feb. 22, 2007
Court Reverses 9th Circuit in Antitrust Case
WASHINGTON - A unanimous U.S. Supreme Court on Tuesday threw out a $79 million verdict against lumber manufacturer Weyerhaeuser for purposely paying timberland owners too much for logs in an effort to raise prices and push competitors out of business.
Daily Journal Staff Writer
WASHINGTON - A unanimous U.S. Supreme Court on Tuesday threw out a $79 million verdict against lumber manufacturer Weyerhaeuser for purposely paying timberland owners too much for logs in an effort to raise prices and push competitors out of business.
The decision reversed the San Francisco-based 9th U.S. Circuit Court of Appeals.
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