Weyerhaeuser told to pay $78.8 million

The U.S. Supreme Court, heeding calls from business groups and the Bush administration, agreed to review a $78.8 million antitrust award against Weyerhaeuser Co. for driving a competing lumber producer out of business. Weyerhaeuser, the world’s biggest forest products company, is fighting allegations that it monopolized the Pacific Northwest market for finished alder, a wood used in furniture, by overbidding for scarce hardwood logs. The 9th U.S. Circuit Court of Appeals upheld a jury award to Ross-Simmons Hardwood Lumber Co. of Longview.

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