X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
HARTFORD, CONN. — � A federal jury in Hartford acquitted coated paper maker Stora Enso North America Corp. of charges in a rare price-fixing trial. In December 2006, U.S. Department of Justice indicted Stora Enso for conspiring with one of more competitors to fix coated magazine paper prices in the U.S. from August 2002 through June 2003. The company faced a potential fine of up to $10 million if it had been found guilty. USA v. Stora Enso North America Corp., No. 06-323 (D. Conn.) Stora Enso’s lead trial counsel David Rosenbloom, the national head of McDermott Will & Emery’s white collar practice, said his client felt very strongly that it had done nothing wrong and wanted to trust its fate to the justice system. Most companies try to cut a deal with the justice department if they can’t persuade the agency not to bring the case, Rosenbloom said. “Corporations charged with criminal price fixing rarely go to trial – much less win,” noted David Rosenbloom. “Juries tend to relate more to individuals rather than corporations, so winning an acquittal for a corporation is a rare success.” Stora’s North American division in Wisconsin Rapids, Wis., is a subsidiary of Finland-based paper, packaging and forest products manufacturer Stora Enso Oyj. Stora Enso also had to overcome possible negative perceptions of the justice department’s amnesty to Stora Enso’s alleged co-conspirator, Finish forest and paper products company, UPM-Kymmene Corp., Rosenbloom said. “There is a misperception that the existence of an amnesty agreement means that there has in fact been price fixing,” Rosenbloom said. “That is wrong, and we proved it to this jury.” The justice department is disappointed with the July 19 acquittal, but it respects the jury’s verdict, said Gina Talamona, a deputy director of the department’s office of public affairs.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.