FC: Microsoft hit by class action suit, pays up to $1.1 billion

From: Declan McCullagh (declanat_private)
Date: Fri Jan 10 2003 - 22:04:08 PST

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       Microsoft resolves class-action suit
       By Declan McCullagh
       January 10, 2003, 8:55 PM PT
       Microsoft said late Friday that it has settled a California
       class-action lawsuit for up to $1.1 billion, a move that would end the
       largest suit of the kind against the giant software company.
       The settlement, which arose from claims that Microsoft unlawfully
       wielded its Windows monopoly to overcharge consumers for the operating
       system, allows individuals and businesses in California who bought
       Microsoft products during a five-year period to apply for vouchers
       with values of $5 to $29. The vouchers can be used to buy most
       hardware or software products from any manufacturer.
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