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immediate release -- Tuesday, December 5, 2000. Contact Bob Brammer - 515-281-6699 |
Des
Moines Agencies Receive Antitrust Funds from Attorney
General Tom Miller for Toys and Educational Materials
Des Moines area agencies that applied for and received the funds include:
"It is a pleasure to see Iowa children benefit directly from our antitrust enforcement work," Miller said. "In each case, the toys, games and other materials help fill a specific program need and educational purpose. The benefit is measured not just in terms of fun, but also in terms of youth development. Providing these funds for at-risk youth also helps prevent juvenile crime. The individual amounts are not large, but it is very difficult for agencies to find funds to purchase things like toys and games, so we know this will help fill a need."
The funds are part of a settlement of a case alleging illegal antitrust activities on the part of the giant toy retailer Toys "R" Us and several toy manufacturers.
In Iowa, the total benefit in cash and toys from the toy companies exceeds $450,000. Under the terms of the national settlement, the majority of the funds will be paid in the form of toys distributed through the Marine Corps's Toys for Tots program over three holiday seasons, including this year. Toys are also being distributed now to 34 Iowa domestic abuse shelters around the state. The cash portion, $141,482, is being distributed by the Attorney General to 42 Iowa agencies that serve at-risk youth.
Miller was one of 44 state Attorneys General to bring the antitrust action against Toys "R" Us and the toy manufacturers -- Mattel, Little Tikes and Hasbro. The suit alleged that Toys "R" Us used its market power to pressure the toy-making companies to restrict the supply of their most popular product lines to some retailers, especially Sam's Club and other warehouse clubs. The States alleged the illegal action resulted in less competition, less consumer choice, and higher prices in the market for toys.
Note:
Similar fund awards also have been announced in many other communities
where agencies received funds resulting from the Toys 'R' Us settlement.
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