Cosmetics companies have agreed to give away $175 million dollars worth of products to settle a price-fixing lawsuit -- that's according to lawyers involved in the case. The settlement, which must be approved by a federal judge, involves some of the country's largest cosmetics manufacturers and retailers. The giveaway is expected to take place in about a year, and would involve products specially manufactured for the occasion, according to lawyers involved in the case...

No receipts would be required to get a free product...Defendants in the suit include cosmetics manufacturers Estee Lauder, L'Oreal, Clarins Boucheron, Chanel, Christian Dior, Conopco and Guerlain; and retailers Bloomingdale's, Dillard's, Federated Department Stores, Gottschalk's, May Department Stores, Neiman Marcus, Nordstrom, Saks and Target.

Once the products are ready, customers will have only one seven-day period to claim their free goods. They will probably be given only one or at most two products apiece. [link 1, link 2, link 3]