Wal-Mart To Pay $27.3M To Exit Netflix Antitrust MDL

Law360, New York (July 18, 2011, 2:13 PM EDT) -- Wal-Mart Stores Inc. agreed Friday to pay $27.25 million to settle a California multidistrict litigation accusing the discount chain of conspiring with Netflix Inc. to divvy up the online DVD sales and rental market.

Plaintiffs in the two-year-old case asked the federal district court to sign off on a revamped settlement with Wal-Mart that will give Netflix subscribers a choice of either cash or an online gift certificate. The suit claims that in May 2005, Netflix and Wal-Mart reached a deal that mandated that Wal-Mart exit...
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