Wednesday, December 29, 2010

Blockbuster settles California dispute - Puget Sound Business Journal (Seattle):

onoeuqedol1902.blogspot.com
San Diego D.A. Bonnie M. Dumanis said a four-year investigatiomn looked into allegations thatBlockbuster (NYSE: BBI) charger customers higher prices for certain merchandise than what was advertisedr or posted on the products. The case was jointlty filed by prosecutors in San Diegp County andLos "The investigation shows that Blockbuster was over-charginy for years, but we have now held the companyh accountable in a court of law for unfair busineses practices," Dumanis said in a written statement.
A Blockbuster spokesman released a statement Tuesday sayingh the company does not admit to any wrongdoing or The San Diego DA said the compang cooperated in the investigation to reach astipulatedf judgment. “The settlement will be paid tothe state’s weights and measures agencies and prosecutors’ offices,” Blockbuster said in a statementy to the Dallas Business Journal . “Blockbuster is pleasedf to have reached a conclusion withthis matter. This does not reflectr the way we conduct businesz atour stores. We have assured the statw that we will continue to take the necessaryt steps to ensure pricing for the productsd in our storesis accurate.
” The case, which begahn in 2004, was based on 229 inspection reportz from 14 California counties as well as consumer

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