U.S. Supreme Court Rules for Weyerhaeuser in Antitrust Suit
Press release from the issuing company
FEDERAL WAY, Wash., Feb. 20 -- The U.S. Supreme Court vacated a $79 million antitrust award against Weyerhaeuser Company in a 9-0 ruling issued today. The Court remanded the case to the U.S. Ninth Circuit Court of Appeals for further proceedings.
Weyerhaeuser's appeal to the Supreme Court was supported by various companies including Dow Chemical Co., Verizon Communications Inc., Coca-Cola Co. and Microsoft Corp. In addition, the U.S. Solicitor General filed a brief supporting Weyerhaeuser's position.
"We are gratified by today's ruling because it fully supports our position all along that our conduct was lawful and consistent with the guidelines for competitive conduct as set by the Supreme Court," said Sandy D. McDade, Weyerhaeuser senior vice president and general counsel. "We are still studying the decision, but the Court's unanimous ruling sets a clear standard that permits companies to bid competitively for raw materials without risk of violating antitrust laws. This position was supported by many companies, industry organizations and the U.S. government in filings with the Court and we thank them for their interest in this important case."
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