Netflix faces an antitrust conspiracy trial for allegedly entering into an illegal agreement with Wal-Mart to divide retail dvd markets.
Wal-Mart settled the claims against it for a settlement valued at $40 million. Netflix has so far refused to settle and a trial date is set for January 2012.
An article in Bloomberg described the claims facing Neflix:
According to the lawsuit, the alleged conspiracy began when Reed Hastings, the chief executive officer of Netflix, met John Fleming, then the CEO of Wal-Mart.com, for dinner in January 2005 to discuss how to reduce competition in the DVD market in the U.S. At that time Netflix, based in Los Gatos, California, and Wal-Mart.com were competitors in online DVD rentals.
You can read the full article by clicking here.
Our Oak Brook, Illinois consumer rights private law firm handles individual and class action predatory lending, unfair debt collection, lemon law and other consumer fraud cases that government agencies and public interest law firms such as the Illinois Attorney General may not pursue. Class action lawsuits our law firm has been involved in or spear-headed have led to substantial awards totalling over a million dollars to organizations including the National Association of Consumer Advocates, the National Consumer Law Center, and local law school consumer programs. The Chicago consumer rights attorneys at Lubin Austermuehle are proud of our achievements in assisting national and local consumer rights organizations obtain the funds needed to ensure that consumers are protected and informed of their rights. By standing up to consumer fraud and consumer rip-offs, and in the right case filing consumer protection lawsuits and class-actions you too can help ensure that other consumers’ rights are protected from consumer rip-offs and unscrupulous or dishonest practices.
Our Wilmette and Highland Park consumer attorneys provide assistance in fair debt collection, consumer fraud and consumer rights cases including in Illinois and throughout the country. You can click here to see a description of the some of the many individual and class-action consumer cases our Chicago consumer lawyers have handled. A video of our lawsuit which helped ensure more fan friendly security at Wrigley Field can be found here.
Our Chicago and Oak Brook class action attorneys have acted as lead counsel in class action lawsuits for over a decade and half. Our Chicago class action lawyers have been selected by Super Lawyers as some of the top class action attorneys in Illinois. You can contact one of our Chicago consumer protection attorneys who can assist in consumer fraud, consumer rip-off, lemon law, unfair debt collection, predatory lending, wage claims, unpaid overtime and other consumer, or consumer class action cases by filling out the contact form at the side of this blog or by clicking here.