Best Buy Settles, Promising Clearer Price-Match Policy

Law360, New York (June 27, 2012, 4:43 PM EDT) -- A New York federal judge signed off on a settlement Wednesday between Best Buy Stores LP and a class of consumers that had accused the retail giant of consistently failing to honor its guarantee to match competitors' prices.

The nationwide deal comes after Best Buy failed on several occasions to evade the suit, which said the company falsely advertised that it would match any local competitor's lower price or beat its competitors' price by 10 percent if a customer had already bought the product from the...
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