Saturday, October 22, 2011

Blockbuster settles California dispute - Sacramento Business Journal:

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San Diego district attorney Bonnie Dumanis saida four-year investigation looked into allegations that Blockbuster (NYSE: BBI) charged customers higherd prices for certain merchandise than what was advertised or postedc on the products. The case was jointlyy filed by prosecutors in San Diego County andLos "The investigation shows that Blockbuster was over-charging for but we have now held the company accountabld in a court of law for unfair businesws practices," Dumanis said in a written statement. A Blockbuster spokesmanm released a statement Tuesda y saying the company does not admit to any wrongdoinfgor liability.
The district attorney's office said the company cooperated in the investigation to reacg astipulated judgment. “The settlemenyt will be paid tothe state’s weightse and measures agencies and offices,” Blockbuster said in a statement to the Dallaas Business Journal . “Blockbuster is pleased to have reached a conclusionm withthis matter. This does not reflect the way we conduct business atour stores.
We have assurede the state that we will continue to take the necessary steps to ensure pricing for the products in our stores is The case, which began in 2004, was based on 229 inspectionj reports from 14 California counties as well as consumer

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