Weyerhaeuser settles another antitrust suit.Byline: Joe Harwood The Register-Guard FEDERAL WAY, Wash. - Weyerhaeuser Co. on Thursday agreed to pay $14 million to settle yet another antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. lawsuit that claimed the wood products giant monopolized the market for alder saw logs. Weyerhaeuser admitted no liability in the settlement with the former owners of British Columbia-based Coast Mountain Hardwoods Inc., and will take a first quarter charge of about $9 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Weyerhaeuser statement. The lawsuit, filed in U.S. District Court in Portland a year ago, sought $420 million in damages. Weyerhaeuser, based in Federal Way, Wash., has been the target of several lawsuits over its domination domination the relationship between animals and humans in which little consideration is given to the rights of the animals. The prevailing sentiment is one of proprietary domination. of the Pacific Northwest alder market. Last year, a federal jury in Portland found that Weyerhaeuser illegally forced a Longview, Wash., competitor out of business by driving up alder log costs and selling alder at below-market prices. The jury awarded Ross-Simmons Hardwoods $79 million in that case, which Weyerhaeuser is appealing. In March, Weyerhaeuser agreed to pay $34.5 million to four small alder mills in Oregon and Washington to settle claims the firm monopolized the market for alder, a wood used for furniture, cabinets and flooring. Westwood Lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to Co. and Morton Alder Mill were the Oregon mills involved in that settlement. Westwood has operations in Saginaw in Lane County, and in Reedsport. Coast Mountain's lawsuit, filed last April along with the lawsuit filed by Westwood and Morton, accused Weyerhaeuser of dominating the alder lumber market and breaching a distribution contract. Weyerhaeuser acquired Coast Mountain in October 2000, a purchase that included a hardwood hardwood: see wood. hardwood Timber obtained from broad-leaved, flower-bearing trees. Hardwood trees are deciduous trees, except in the warmest regions. lumber mill and a planer planer Metal-cutting machine tool in which the workpiece is firmly attached to a horizontal table that moves back and forth under a single-point cutting tool. The tool-holding device is mounted on a crossrail so that the tool can be moved across the table in small sideward near Delta, B.C. The deal also included the acquisition of five timber-harvesting licenses for provincial forests The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. around Vancouver, B.C., for about $26 million. Coast Mountain contended in the lawsuit that the licenses were worth closer to $100 million. Weyerhaeuser operates two alder mills in Oregon - in Eugene and Garibaldi - three in Washington, and the Coast Mountain mill in Canada. |
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