Wal-Mart Settles In DVD Rental Antitrust Suit

Law360, New York (August 30, 2010, 7:20 PM EDT) -- Wal-Mart Stores Inc. has reached a preliminary settlement in a putative class action brought by customers who claim the retail giant and Netflix Inc. illegally carved up the market for online DVD rentals and sales.

Wal-Mart and the plaintiffs filed a joint motion Monday in the U.S. District Court for the Northern District of California asking the judge to bifurcate the suit and stay all Wal-Mart-related deadlines while the deal awaits court approval.

Wal-Mart would have faced a class certification hearing in the multidistrict litigation Wednesday....
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