3rd Circ. Nixes $35M Toys R Us Antitrust Deal As Unfair

Law360, New York (February 19, 2013, 6:25 PM EST) -- The Third Circuit on Tuesday vacated a $35 million settlement of a lawsuit that claimed Toys R Us colluded with manufacturers to restrict prices on baby products, ruling it unreasonable that only $3 million of the fund was earmarked for consumers.

The appeals court agreed with objecting class members that the current allocation of most of the fund — $14 million for attorneys fees and $18.5 million in so-called cy pres distributions to charity — was not ideal for compensating the class members.

Under the cy...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.