A Chicago federal appeals panel has upheld a lower court ruling that boarded up a class action antitrust suit against Georgia Pacific and Westrock, which alleged they conspired to fix prices for containerboard. Judges again found the companies were not colluding, but rather making parallel moves in reaction to the market.
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A Florida man alleges the trading strategy of a Chicago corporation and an introducing broker caused an 80 percent loss in a partnership earlier this year.
A federal judge has signed off on a $354 million settlement deal to box up a years-long price fixing antitrust class action against some of the country’s largest makers of cardboard. And the attorneys who represented the plaintiffs in the action are set to take in nearly $100 million, or roughly 30 percent of the settlement fund.