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Estee Lauder’s Price-Fixing Suit Settled

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By: TOM BRANNA

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Cosmetics maker Estee Lauder Cos. Inc. said a settlement has been reached in a California class-action lawsuit that alleged high-end cosmetics makers and department stores conspired to fix prices. Under the settlement, first disclosed in an Estee Lauder filing with the Securities and Exchange Commission, the defendants will give consumers $175 million in free products, an Estee Lauder spokeswoman said. The defendants will also pay plaintiff attorneys’ fees of up to $24 million.New York-bas...

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