Stora Faces Price Fixing Charge

HARTFORD, CT—Stora Enso North America has been indicted by a federal grand jury here for allegedly participating in a price-fixing conspiracy to drive up the cost of paper used for magazines and catalogs.

According to the Associated Press, the Wisconsin Rapids, WI-based manufacturer is accused of conspiring to inflate prices between August 2002 and June 2003. The indictment claims Stora Enso agreed to the plan in a meeting with an unidentified competitor.