A federal jury in Hartford, Conn., acquitted coated-paper maker Stora Enso North America Corp. of charges in a rare price-fixing trial. The U.S. Department of Justice indicted Stora Enso for conspiring to fix coated magazine paper prices, and the company faced a fine of up to $10 million. "Juries tend to relate more to individuals rather than corporations, so winning an acquittal for a corporation is a rare success," said the company's lead trial counsel, McDermott Will & Emery's David Rosenbloom.
July 27, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A federal jury in Hartford, Conn., 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 United States 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.)
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