December 21, 2011 - Today the U.S. District Court for the Eastern District of Pennsylvania gave final approval of a $35,500,000 settlement following five years of litigation in an antitrust class action litigation by consumers against national retailer Toys "R" Us, Inc, d/b/a Babies "R" Us and certain baby product manufacturers which alleged that Babies “R” Us conspired with the defendant manufacturers to restrict competition by requiring retailers to sell their goods at or above a minimum price. As a result, consumers had alleged that they paid inflated prices for baby products produced by the defendant manufacturers.
Mary Jane Fait, one of the co-lead counsel and a partner at Wolf Haldenstein in Chicago said: "Despite the complexity and duration of the litigation, we are very satisfied with the results we have been able to achieve for the class."
Wolf Haldenstein acted as co-lead counsel. The plaintiffs' law firm has handled extensive work in the antitrust field, including serving as lead counsel in the Dynamic Random Access Memory antitrust litigation where settlements in the amount of $325M were achieved.