Online DVD Antitrust Litigation
Online DVD Antitrust Litigation is an antitrust action against Netflix and Wal-Mart on behalf of Netflix subscribers, alleging antitrust misconduct in connection with an alleged agreement between Netflix and Wal-Mart to divide the markets for online DVD rentals and sales in the United States. A settlement has been reached with Wal-Mart, which has been granted preliminary approval by the Court. The Wal-Mart settlement provides for a settlement fund in the sum of $27 million, from which the claims of class members can be satisfied. The settlement provides for gift cards (or in the alternative, cash payments in the same amounts, at class members’ election) to be issued to class members. The Wal-Mart settlement is a partial settlement, and the case against Netflix continues.