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A floor-care products maker accuses a rack of defendants - including International Paper (IP),...

Friday, September 10, 2010, 12:23 PM ET
A floor-care products maker accuses a rack of defendants - including International Paper (IP), Packaging Corp. of America (PKG), Smurfit-Stone (SSCC) and Temple-Inland (TIN) - of creating an artificial shortage of containerboard, used in boxes. The complaint from Kleen Products says the defendants have 83% of the market and all refrained from increasing production as prices went to nearly $700 per short ton from $450.

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Hendershott Comments (1057)

Free market capitalism? The new corporate strategy no longer tries to gain market share with pricing. In fact "rightsizing the company" means allowing market share for competitors. There is, of course, the potential for collusion.

10 Sep 2010, 07:02 PM Reply Like

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