Retailers to giveaway cosmetics to settle lawsuit
Written by Tom Monday, 19 January 2009 08:33
From BuisinessWeek.com
Starting next week, several big retailers will giveaway $175 million worth of free high-end cosmetics including such brands as Estee Lauder and L'Oreal to consumers as part of a class-action settlement alleging that the stores planned to fix prices.
Department stores such as Macy's and Nordstrom will distribute free cosmetics as long as supplies last to shoppers who bought certain cosmetics between May 29, 1994 and July 16, 2003 to settle claims that the stores violated antitrust laws and tried to fix prices.
Complete information on the class action suit can be found here: www.cosmeticssettlement.com
