November 12, 2003

Cardboard Makers OKs $92M Settlement

An attorney for customers who alleged price fixing among several producers of corrugated cardboard and cardboard boxes said a proposed $92.5 million agreement with the largest defendant would bring settlements in the class-action antitrust lawsuit to more than $200 million. Howard Langer, lead attorney for the plaintiffs, said Wednesday he expected the settlement with Smurfit-Stone Container Corp. to be submitted to the U.S. District Court in Philadelphia for preliminary approval within a month. Posted by Editor at November 12, 2003 10:44 PM