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Violation Tracker Individual Record

Company: UPM-Kymmene Corp.
Current Parent Company: UPM
Penalty: $8,250,000
Year: 2008
Date: August 5, 2008
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: UPM-Kymmene Corp. and its subsidiary Raflatac Inc. agreed to pay $8.25 million to settle litigation alleging they were part of a conspiracy to fix the prices of pressure-sensitive labelstock.
Level of Government: federal
Action Type: private litigation
Court: Middle District of Pennsylvania
Civil or Criminal Case: civil
Case ID: 3:03mdl1556
Case Name: In re Pressure Sensitive Labelstock Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Finland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: paper and packaging
Specific Industry of Current Parent: paper products
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.