As part of a $199 million settlement, through Jan. 27, 2009, department stores all over the country are giving away high-end cosmetics and perfumes made by the likes of Chrisitan Dior (Stock Quote: CDI), Estee Lauder (Stock Quote: EL), L’Oreal, Chanel and many others.

WARNING: Be prepared for long lines and limited options. You can’t just walk in grab anything made a by a participating manufacturer. Also, the products they are giving away come in smaller than normal sizes.

Participating stores include:

•    Bergdorf Goodman
•    Bergner’s
•    Bloomingdale’s
•    Boston Store
•    Carson Pirie Scott
•    Dillard’s
•    Gottschalks
•    Herberger’s
•    Macy’s (Stock Quote: M)
•    Neiman Marcus
•    Nordstrom (Stock Quote: JWN)
•    Parisian
•    Saks Fifth Avenue (Stock Quote: SKS)
•    Younkers

The giveaway stems from a class action lawsuit accusing the stores of fixing the prices of cosmetics. As a result, the stores have agreed to give $175 million in cosmetics to anyone who walks through the door through Jan. 27, and they’ll also pay up to $24 million in attorney fees on behalf of the 38 million plaintiffs in the case.

For more information and a complete list of the products that are offered, visit CosmeticsSettlement.com.

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