According to The Hollywood Reporter, Blockbuster Inc. has agreed to pay $140,000 to settle a lawsuit brought by the state of New Jersey that argued that the video rental giant's no late fees initiative was misleading.

More than $90,000 will be refunded to about 75,000 customers who paid video restocking fees, while the remainder will pay for state investigative costs, state officials said Friday. Blockbuster did not admit any wrongdoing. However, under the terms of the settlement, it must ensure that customers are clearly notified of all terms and charges.

In March, Blockbuster agreed to pay $630,000 to 47 states after legal threats.

Cinemark Movie Club
Evan Jacobs