Advertisement

Antitrust Prosecutors Hope to Retry Nippon

Share

Federal prosecutors will seek to retry Japan’s Nippon Paper Industries Co. on antitrust charges even though the company’s landmark Boston federal court trial ended with a hung jury earlier this week, officials said. The announcement by the Justice Department could set up a replay of the trial against Nippon, which is accused of conspiring in 1990 with other Japanese paper makers to fix prices of thermal fax paper in the U.S. An attorney for Nippon, Alan M. Cohensaid he planned to seek a dismissal. Nippon’s prosecution was the nation’s first criminal antitrust trial of a foreign company charged with alleged misconduct that took place entirely outside the United States.

Advertisement