Investigation and pending class action lawsuit against the major self-adhesive labelstock manufacturers including Bemis Company, Morgan Adhesives Company, Avery Dennison Corp., Raflatac, Inc. and UPM-Kymmene Corp. on behalf of direct purchasers of self-adhesive labelstock for alleged violations of the U.S. antitrust laws.
This antitrust class action claims that from 1999 to the present the defendant labelstock manufacturers and their co-conspirators participated in a conspiracy to fix, raise, maintain, and stabilize prices for self-adhesive lablestock sold in the United States in violation of Section 1 of the Sherman Act.
Because of defendants' unlawful conduct, plaintiffs paid artificially high prices for self-adhesive labelstock and, as a result, have suffered antitrust injury.
Name (Stock Symbol)
Bemis Company (BMS)
Bemis is a global manufacturer of flexible packaging and pressure sensitive materials with sales of over $3.5 billion. Nearly two-thirds of Bemis packaging is used in the food industry, with the balance used in markets including medical, pharmaceutical, chemical and agribusiness.
UPM-Kymmene Corporation is a paper company.
Morgan Adhesives Company
Morgan Adhesives Company has a corporate relationship with MACtac, which is a subsidiary of Bemis Company. It supplies adhesive products like tape.
Avery Dennison Corporation (AVY)
Avery Dennison Corporation produces pressure-sensitive materials, office products, tickets, tags, labels, and other converted products.
UPM Raflatac supplies pressure sensitive labelstock and manufactures radio frequency identification tags and inlays.
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