A $143.1 million price tag has been set for conspiring to rip off CD buyers. And the world's five largest music companies and three largest music retailers have agreed to pay up. The music moguls have decided to settle a CD price-fixing lawsuit brought against them by 41 states and commonwealths. States' attorneys say the music companies and retailers conspired to inflate the cost of CDs from 1995 to 2000, thus violating both federal and state antitrust laws and bilking consumers out of millions of dollars. (And they wonder why fans resort to MP3-swapping? Yeesh.)
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