Corporate
Mar. 11, 2011
Judge Puts Kibosh on Video Rentals Deal
A federal judge denied a motion for preliminary approval of a settlement between Wal-Mart Stores Inc. and subscribers to the online DVD rental services of Netflix Inc. and Blockbuster Inc.
Daily Journal Staff Writer
A federal judge on Wednesday declined to give the green light to a settlement between Wal-Mart Stores Inc. and subscribers to the online DVD rental services of Netflix Inc. and Blockbuster Inc. U.S. District Judge Phyllis J. Hamilton denied the plaintiffs' motion for preliminary approval of the deal, which would have resolved the plaintiffs' claims that Wal-Mart illegally conspired with Netflix to divi...
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