Finnish municipalities plan to sue three forest industry companies
Nov. 25 2011 Another 10 to 30 Finnish municipalities and some private forest owners plan to sue for damages from wood procurement cartel.
More municipalities in Finland and some private forest owners plan to file claims for compensation for financial losses suffered due to a wood procurement cartel between UPM, Stora Enso and Metsäliitto that operated between1997 and 2004.The claims for compensation have large economic dimensions, according to a spokesman of the Finnish federation of municipalities. According to Metsäliitto, Stora Enso and UPM, there is no ground for economic compensation.The claims for compensation must be filed before December 20. /AA