Judge OKs Wal-Mart's $27M Deal In Netflix Antitrust MDL

Law360, New York (September 2, 2011, 6:08 PM EDT) -- A California federal judge on Friday tentatively approved a $27.25 million settlement between Wal-Mart Stores Inc. and plaintiffs in an antitrust multidistrict litigation accusing the retailer of conspiring with Netflix Inc. to divvy up the online DVD rental and sales markets.

U.S. District Judge Phyllis J. Hamilton signed off on an order granting preliminary approval to the settlement, which will give Netflix subscribers a choice of either cash or an online gift certificate. 

The judge also certified the settlement class, which includes any person in the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.