Valassis Files Countersuit Against Fraser Papers

Valassis Communications has filed a countersuit against Fraser Papers in district court in Maine. Earlier, Fraser had taken Valassis to court over an alleged unpaid bill for 1.8 million pounds of specialty paper valued at $933,000.

In Valassis' countersuit, the printer contends it has not paid the amount allegedly due Fraser because of an earlier outstanding debt owed by Fraser to Valassis for defective paper.

In the counterfile, Valassis says it is willing to satisfy the debt as soon as Fraser provides Valassis an appropriate credit for the alleged defective product.