Hello Kathy,
The suit was filed August 8, 2000. Here is the press release from New
York State Attorney General Spitzer:
Office of NYS Attorney General Eliot Spitzer
http://www.oag.state.ny.us/press/2000/aug/aug08a_00.html
“State Attorney General Spitzer today announced a federal lawsuit
against the country’s five major record companies, as well as certain
retailers, charging that they conspired to fix the price of CDs
nationwide. It’s been estimated that the price-fixing may have cost
consumers as much as hundreds of millions of dollars.
New York, along with Florida, are the leaders in a coalition of 30
states and commonwealths charging a series of conspiracies that,
starting in 1995, increased the price of CDs in violation of state and
federal antitrust laws.”
Other references:
CNET
“States target record labels with price-fixing suit”
By John Borland, Staff Writer, August 8, 2000, 11:50 AM PT
http://news.com.com/2100-1023-244195.html?legacy=cnet
“A coalition of 28 states filed suit against the major record labels
today, alleging that they and several U.S. retailers have illegally
conspired to prop up the prices of compact discs.
The states' attorneys general charge that the labels and retailers
have violated state and federal antitrust laws since 1995, potentially
costing consumers hundreds of millions of dollars.
"Our nation's business economy has been built on the notion of a fair
and free competition," New York Attorney General Eliot Spitzer, one of
the lawsuit's leaders, said in a statement today. "When there is
illegal activity to fix prices--as was the case here--the consumer is
always the loser."
A settlement was reached September 30, 2002:
Office of NYS Attorney General Eliot Spitzer
http://www.oag.state.ny.us/press/2002/sep/sep30b_02.html
“For Immediate Release
September 30, 2002
NEW YORK SETTLES PRICE-FIXING CASE AGAINST MAJOR DISTRIBUTORS
OF COMPACT DISCS
$143 Million Multi-state Settlement Includes Distribution of CDs for
Music Programs”
USA Today
http://www.usatoday.com/life/music/news/2002-09-30-cd-settlement_x.htm
“10/01/2002 - Updated 12:35 AM ET
States settle CD price-fixing case
By David Lieberman, USA TODAY
NEW YORK — The five largest music companies and three of the USA's
largest music retailers agreed Monday to pay $67.4 million and
distribute $75.7 million in CDs to public and non-profit groups to
settle a lawsuit led by New York and Florida over alleged price-fixing
in the late 1990s.”
Las Vegas Review-Journal, Monday, February 03, 2003
http://www.reviewjournal.com/lvrj_home/2003/Feb-03-Mon-2003/business/20590110.html
“Music buyers get in tune for lawsuit
Could you use $20? If you bought prerecorded music between 1995 and
2000, chances are you qualify for up to $20 if you join the settlement
group in a lawsuit that alleges price-fixing in the recording
industry.”
Compact Disc Minimum Advertised
Price Antitrust Litigation Settlement
http://www.musiccdsettlement.com/english/default.htm
I hope you have found this information helpful. If you have questions,
please request clarification prior to rating the answer.
Googlenut
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