Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

The Seattle Times

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published Wednesday, April 30, 2008 at 12:00 AM

E-mail article     Print view

Weyerhaeuser vows appeal of alder case

A Portland jury on Monday ordered Weyerhaeuser to pay almost $28 million for unlawfully monopolizing the market for finished alder lumber...

A Portland jury on Monday ordered Weyerhaeuser to pay almost $28 million for unlawfully monopolizing the market for finished alder lumber.

The award will be tripled under federal antitrust laws.

"We are very disappointed with the verdict," said Sandy McDade, Weyerhaeuser senior vice president and general counsel.

"We are confident it will be reversed on appeal, because last year the U.S. Supreme Court decided in our favor a case presenting virtually identical issues. We fully expect that the Court of Appeals will apply that precedent."

Morelock Enterprises, of Bend, Ore., filed the suit four years ago, and it was later granted class-action status.

The U.S. Supreme Court last year tossed out a $79 million judgment against Weyerhaeuser.

In that suit, a Vancouver, Wash., company convinced an Oregon jury that Weyerhaeuser paid too much for alder logs it didn't need, with the goal of driving competitors out of business.

This class-action lawsuit was filed while that case was under appeal.

Morelock alleged that by controlling the logs, Weyerhaeuser was able to monopolize the market for finished alder, the Northwest's leading hardwood lumber that is used in furniture and specialty products such as guitars.

Weyerhaeuser, based in Federal Way, is one of the world's largest forest-products companies. Sales last year were $16.3 billion.

Copyright © 2008 The Seattle Times Company

More Business & Technology headlines...

E-mail article Print view      Share:    Digg     Newsvine

advertising

EU nations' reality: Greece's woes are theirs, too

Greece leads markets higher amid EU rescue hopes

RealNetworks makes key play with Rhapsody spinoff

Alaska Air dropping Jones Soda beverages, going back to Coca-Cola

Lots of Buzz over Google latest bid at social networking

Advertising

Video

Marketplace

 
Most read
Most commented
Most e-mailed
 
 

Most viewed imagesMore

Advertising