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OSB Antitrust Update
To view the previous news on this subject, click here.
July 11 , 2008 With Louisiana-Pacific's $44.5 million settlement, all defendant manufacturers of OSB now have settled. The court currently is determining the fairness of the proposed settlements. OSB is a plywood substitute manufactured by compressing multiple layers of thin wood shavings under intense heat and pressure. The lawsuit alleged that OSB manufacturers reduced OSB production by keeping OSB from the market through mill shutdowns, delaying or canceling construction of new OSB mills and buying OSB from competitors instead of manufacturing it themselves at a lower cost. The suit alleged that the conspiracy resulted in a dramatic increase in the price of OSB. For more information, contact David Guin.
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OSB Antitrust Litigation: Settlements Now Reached With All Defendants |
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