Amazon to pay $51 million to settle Toys 'R' Us suit

**MIG-31** · Jun 13, 2009, 12:32 PM

Amazon.com must pay Toys "R" Us $51 million to settle a lawsuit filed by the toy retailer in May 2004.

Back then, Toys "R" Us sued Amazon for violating the terms of the 10-year partnership the companies forged in 2000. Toys "R" Us claimed Amazon violated the agreement by allowing other vendors to market toys and baby products on its site.

On Friday, Amazon said in a document filed with the Securities and Exchange Commission that the money must be paid in the third quarter of 2009 and that the sum was "unanticipated."
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Source: C|Net

Jun 13, 2009, 12:32 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,843 Rep Power: 471 System Specs	Amazon to pay $51 million to settle Toys 'R' Us suit Amazon.com must pay Toys "R" Us $51 million to settle a lawsuit filed by the toy retailer in May 2004. Back then, Toys "R" Us sued Amazon for violating the terms of the 10-year partnership the companies forged in 2000. Toys "R" Us claimed Amazon violated the agreement by allowing other vendors to market toys and baby products on its site. On Friday, Amazon said in a document filed with the Securities and Exchange Commission that the money must be paid in the third quarter of 2009 and that the sum was "unanticipated." ____________ Source: C\|Net __________________ Please Post Your News Submissions Here