Microsoft Corp., the world's largest software maker, on Tuesday said it agreed to pay $200 million to settle class-action lawsuits filed in several U.S. states.$200 million, eh? There's a lot of money to be made attacking Microsoft.
Under the settlements, eligible buyers of Microsoft's products will get vouchers that can be used to buy computer hardware or software. Half of any unclaimed vouchers will be used to buy computer equipment or software for schools.
Agreements were reached in Kansas, the District of Columbia, North Carolina, North Dakota, South Dakota and Tennessee. The class actions claimed Microsoft used its monopoly to overcharge customers for its software products.
Tuesday's announcement, brings the total number of consumer class action settlements over the past year to 10, Microsoft senior vice president and general counsel Brad Smith told reporters on a teleconference. The settlements are worth a total of $1.55 billion, Smith said. Class action lawsuits are pending in five states, Microsoft said.
The settlement is the latest in a string Microsoft has reached in recent years as it tries to clear up legal problems stemming from its antitrust battle with the government.
Tuesday, October 28, 2003
Antitrust News: Microsoft Settles 6 Suits for $200 Million
This in from Reuters:
Posted by Nicholas Provenzo at 3:26 PM