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Corporate

Feb. 11, 2011

Objections to Wal-Mart Settlement Aired

A proposed settlement between Wal-Mart Stores Inc. and subscribers of Netflix Inc. and Blockbuster Inc. was riddled with objections at a preliminary approval hearing in the antitrust case Wednesday.


By Rebecca Beyer


Daily Journal Staff Writer


SAN FRANCISCO - Howrey LLP saw a settlement it negotiated between its clients - subscribers of Netflix Inc. and Blockbuster Inc. - and Wal-Mart Stores Inc. riddled with objections Wednesday at a two-hour preliminary approval hearing on the deal that would resolve the subscribers' antitrust claims against the retail giant.


The proposed settlement calls for Wal-Mart to pay between $29 million and ...

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