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U.S. Supreme Court Rules for Weyerhaeuser in Antitrust Suit
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Federal Way, Washington, USA, 20 February 2007 -- /PRNewswire/ -- The U.S. Supreme Court vacated a USD 79 million antitrust award against Weyerhaeuser Company (NYSE:WY) in a 9-0 ruling issued today. The Court remanded the case to the U.S. Ninth Circuit Court of Appeals for further proceedings.

Weyerhaeuser's appeal to the Supreme Court was supported by various companies, including Dow Chemical Co., Verizon Communications Inc., Coca-Cola Co., and Microsoft Corp. In addition, the U.S. Solicitor General filed a brief supporting Weyerhaeuser's position.

"We are gratified by today's ruling because it fully supports our position all along that our conduct was lawful and consistent with the guidelines for competitive conduct as set by the Supreme Court," said Sandy D. McDade, Weyerhaeuser senior vice president and general counsel. "We are still studying the decision, but the Court's unanimous ruling sets a clear standard that permits companies to bid competitively for raw materials without risk of violating antitrust laws. This position was supported by many companies, industry organizations and the U.S. government in filings with the Court and we thank them for their interest in this important case."

Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2006, sales were USD 21.9 billion. It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution, and sale of forest products; and real estate construction, development, and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com/.

Source: Weyerhaeuser Company



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