The Pacific Lumber Inspection Bureau (PLIB) said it has reached a "confidential settlement, valued in the six-figure range," with an unnamed Louisiana company for unauthorized use of its certification stamp.

Pacific Lumber Inspection Bureau says it made a six-figure out of court settlement with a Louisiana wood producer, averting a lawsuit over trademark infringement for unauthorized use of a certification stamp on wood for packaging shipments.

Pacific Lumber Inspection Bureau has agreed to an out of court settlement in a trademark infringement claim the organization had made against a company in the southern U.S. for unauthorized use of a certification stamp. The confidential settlement, valued in the six-figure range, was agreed to by both parties before a lawsuit was filed.