Webkinz Maker To Pay $2.5M To End Antitrust MDL

Law360, New York (June 25, 2012, 12:15 PM EDT) -- The maker of Webkinz toys will pay $2.58 million to settle multidistrict litigation that it forced retailers to buy unrelated gifts in order to sell the plush animals, in breach of antitrust laws, according to a preliminary settlement a California federal judge approved Friday.

U.S. District Judge Richard Seeborg signed off on the proposed settlement between retailers and Webkinz maker Ganz Inc., allowing settlement notices to be sent to class members and setting a final approval hearing on Sept. 23.

"The court hereby preliminarily approves the...
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