***EMBARGOED FOR RELEASE JANUARY 30th, @4 PM***
Contact: Todd Hallidy
Phone: (302) 577-8314
Date: January 30, 2001
A.G. BRADY PRESENTS CHECK TO L.R.E. CENTER
State received cash in national Toys R Us settlement
(New Castle, DE) -- Attorney General M. Jane Brady today presented a check in the amount of $10,000.00 to the Delaware Law Related Education Center, Inc. The L.R.E.'s Executive Director, Pat Quann, was presented with the check in a brief ceremony today in New Castle. The money represents a portion of the amount awarded to Delaware in the Toys R Us multi-state antitrust litigation.
According to Attorney General Brady, "I am very pleased to present this check to an organization that is having such a positive impact on our youth. The Center's programs give young people new avenues outside of regular class-work to think, learn and express themselves."
Ms. Quann added, "The Center deeply appreciates being designated by the Attorney General to receive funds from the Toys R Us settlement. We plan to use our portion to support our law-related education programs for young people in Delaware, including the Delaware High School Mock Trial competition and our youth summits. These programs promote student knowledge of our legal system and provide skills necessary for good citizenship."
The lawsuit brought against Toys R Us alleged the company conspired with manufacturers to withhold popular toys from low-margin discount and warehouse distributors capable of undercutting Toys R Us prices. Toys R Us attempted to have the manufacturers "bundle" less popular toys with the more popular items, thereby forcing the warehouses to pay more for the popular ones and either reduce or eliminate any potential savings they could otherwise pass on to consumers. The tactic also prevented consumers from effectively comparing prices, since the bundling artificially inflated the per item cost at the warehouses. The Court directed damages paid to the states be distributed to educational programs and other programs that directly meet the needs of those most affected by the unlawful conduct, namely children. The Law Related Education program is one of several deserving agencies and programs that have received a portion of the $34,970 awarded to Delaware.
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