Reuters: Regulatory News: US court revives Stora Enso paper price-fixing case

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US court revives Stora Enso paper price-fixing case Aug 6th 2012, 14:13 Mon Aug 6, 2012 10:13am EDT Aug 6 (Reuters) - A federal appeals court in New York revived on Monday an antitrust lawsuit in which purchasers accused a unit of Finland's Stora Enso Oyj of conspiring to fix prices of coated paper used in magazines. The 2nd U.S. Circuit Court of Appeals said a lower court erred in dismissing the case against Stora Enso North America Corp, because a jury could reasonably find that it entered an unlawful agreement with Finland's UPM-Kymmene Oyj to raise the price of so-called "publication paper." The 2nd Circuit also said the lower court correctly dismissed the case against the Stora Enso parent, because the plaintiffs did not offer enough evidence that it was directly involved in the North American's unit's marketing, sale or pricing of the paper in the United States.

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