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Federated, May, Lenox, Waterford to Pay Fine

IN BRIEF / RETAIL

August 11, 2004|From Bloomberg News

Federated Department Stores Inc., May Department Stores Co. and the makers of Lenox china and Waterford crystal agreed to pay $2.9 million to settle allegations that they conspired to keep the upscale tableware out of Bed Bath & Beyond Inc. stores.

Under the settlement with New York Atty. Gen. Eliot Spitzer, Federated will pay a $900,000 civil penalty and May will pay $800,000. Lenox Inc. and Waterford Wedgwood U.S.A. will pay $700,000 and $500,000, respectively, Spitzer's office said.

None of the companies admitted wrongdoing.

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