Tuesday, June 29, 2004

WSJ.com - Amazon Countersues, Seeking To End Toys 'R' Us Partnership

WSJ.com - Amazon Countersues, Seeking To End Toys 'R' Us Partnership: "Amazon.com Inc.'s fraying relationship with Toys 'R' Us Inc. took a turn for the worse Friday when Amazon filed a countersuit against the toy retailer, asking a judge to allow termination of its contract with Toys 'R' Us and award it in excess of $750 million.
In unusually harsh language directed at a once-close partner, Amazon's complaint, filed in New Jersey Superior Court in Passaic County, refers to Toys 'R' Us's 'chronic failure' to live up to obligations under the two companies' contract. "
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