Price Fixing News
Staff -- Purchasing, 7/15/2004 2:00:00 AM
Food products maker Cargill Inc. has agreed to settle a $24 million class-action lawsuit that accused the agribusiness company of conspiring to fix prices of a food sweetener. Cargill was accused of plotting with Archer Daniels Midland and A.E. Staley Manufacturing, a unit of British-based Tate & Lyle, to fix the price of high-fructose corn sugar. The original suit was filed in 1995 by 18 food and beverage makers who said the violations go as far back as the late 1980s.
Several global forestry firms were raided by European Union competition enforcers in late May as part of an antitrust investigation of price-fixing and manipulation of markets for various paper products. Raids were conducted at several Finnish and Norwegian forestry companies while North America's biggest firm, International Paper Co., said it had been contacted by U.S. investigators regarding the probe and both U.S. firms Bemis Co. and Avery Dennison said it had European offices investigated.
Paper mills plan $40 price increases
09/03/2009Softwood Pulp Prices Raised
09/17/2009Containerboard suppliers to shut plants
10/14/2009Weyerhaeuser to Sell Unit to IP
04/09/2008
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