sonycowboy
Member
[6/28/2004 4:00:07 PM ET]
According to published reports, Amazon.com has filed a countersuit against Toys R Us, Inc., in response to a lawsuit filed by Toy R Us against the online retailer earlier this year.
The original lawsuit filed by Toys R Us claimed that Amazon was violating an agreement between the two, in which Toys R Us was to have exclusive rights to sell toy, game and baby products on Amazon.com through 2010. Toys R Us stated that it has paid $200.0 million over four years to Amazon for the special rights.
Amazon, seeking to dissolve the partnership, said the pairs deal allowed other merchants to sell products in the previously mentioned categories and added that Toys R Us demonstrated a chronic unwillingness or inability to serve up a broad selection items in its categories. Amazon is seeking at least $750.0 million for lost shipping revenue and other costs.
According to published reports, Amazon.com has filed a countersuit against Toys R Us, Inc., in response to a lawsuit filed by Toy R Us against the online retailer earlier this year.
The original lawsuit filed by Toys R Us claimed that Amazon was violating an agreement between the two, in which Toys R Us was to have exclusive rights to sell toy, game and baby products on Amazon.com through 2010. Toys R Us stated that it has paid $200.0 million over four years to Amazon for the special rights.
Amazon, seeking to dissolve the partnership, said the pairs deal allowed other merchants to sell products in the previously mentioned categories and added that Toys R Us demonstrated a chronic unwillingness or inability to serve up a broad selection items in its categories. Amazon is seeking at least $750.0 million for lost shipping revenue and other costs.