Microsoft settles class action - Nov. NEW YORK (CNN/Money) - Microsoft Corp. Under the terms of the settlement, which Microsoft executives and attorneys outlined Tuesday, the company during the next five years would provide roughly $1. U. S. neighborhoods. The settlement stems from numerous claims that Microsoft abused its market position by charging too much for computers and software.
Those claims later were incorporated into a class action lawsuit. The agreement, which the two sides negotiated over the weekend and signed on Monday, still needs approval of U.
S. District Judge Frederick Motz, who is overseeing the class- action case in Baltimore. Attorneys from each side are expected to file the settlement agreement with the court later Tuesday, and a public hearing on the agreement has been scheduled for Nov. If the court approves the proposed settlement, Microsoft said it will record a pre- tax charge of roughly $5.
December 3. 1. On an after- tax basis, Microsoft said the settlement will result in a charge of roughly $3. Microsoft will provide additional detail on the financial impact of the proposal later this week. However, the company has not yet quantified the total impact of the deal on its bottom line. Among the things the company needs to evaluate is the actual cost of the software it would donate under the terms of the settlement, according to Tom Burt, Microsoft's deputy general counsel."It will certainly be tens of millions of dollars, but the cost will be determined in part by the total volume of software that's requested and provided to the schools over the five- year period," Burt said in a teleconference Tuesday afternoon. Burt said Microsoft will provide more details on the financial impact of the proposed settlement by the end of this week.
Under the settlement agreement, Microsoft would provides computer technology resources to all K- through- 1. United States and its territories where 7. It also provides for the creation of a national foundation which would make grants to local foundations and community organizations for purchasing computers and software. Local school officials would have the option of choosing Microsoft or non- Microsoft technology, the company said. Microsoft would seed the national foundation with a $1. Additionally, Microsoft said it will pay a total of $1.
A settlement has been reached in a class action lawsuit about certain Microsoft software acquired by consumers and businesses from and including May 18, 1994 through December 31, 2004 for use in. Q: What is this settlement about? A: A settlement has been reached in an antitrust and consumer fraud class action lawsuit about certain Microsoft software acquired by consumers and businesses from December 7. Copy of the notice sent to potential class members in the North Carolina class action against Microsoft. REDMOND, Wash., Nov. 20, 2001 — Microsoft Corp. today announced that it has reached a nationwide settlement of more than 100 class action lawsuits that alleged Microsoft products were overpriced. Under the.
Iowa consumers, businesses, and government entities that bought Microsoft software, or a computer on which it was installed, can claim benefits under a class action settlement with a face value. Consumer Class Action Settlement Information. Microsoft and class counsel have reached proposed settlements of lawsuits pending in a number of states (listed below) in which plaintiffs have alleged that Microsoft unlawfully. Microsoft settles class action November 20, 2001: 5:35 p.m. ET Software maker agrees to $1.1B settlement; impact on bottom line unclear. Consumers and Businesses in California May Claim Microsoft Settlement Benefits. Settlement to provide up to $1.1 billion in benefits. A settlement has been reached in a class action lawsuit about certain. Milwaukee, WI: A class action lawsuit was filed alleging the firm overcharged customers for software. The class was filed on behalf of Wisconsin customers who purchased software from December 7, 1993 through April 30, 2003. Wisconsin consumers and businesses that bought Microsoft software, or a computer on which it was installed, can claim benefits under a class action settlement with a face value of $223,896,000. A settlement.
Microsoft also said it would contribute up to $9. Further, Microsoft said it would establish a program under which it provides non- profit computer refurbishing organizations with licenses and/or software for Microsoft operating systems to be installed on refurbished personal computers. Microsoft also said it would ensure that at least 2.
Pentium- class PCs and Macintosh computers will be available to eligible schools each year during the five- year settlement period. As for the software donations, Microsoft said it will donate a range of educational and productivity software, including licenses for its Windows XP operating system. The total value of the donated software would vary based on how much the schools request, but the company said it may well exceed $5. I think this is a very meaningful way for us to concludes this litigation and to be able to really focus in on developing and delivering the innovative products and services that will benefit not only these students and these educators, but the population broadly and around the world," said Microsoft CEO Steve Ballmer. The class- action settlement agreement comes about three weeks after Microsoft and the Justice Department agreed to restrictions on the software maker's behavior to settle the federal government's four- year- old antitrust case. Some of the states involves in that case, however, have balked at the proposed settlement, saying the restrictions do not go far enough to curb Microsoft's anticompetitive behavior.
Click here for CNN/money's coverage of the Microsoft trial. Burt said Microsoft "remains interested" in resolving the remaining issues in the federal case, and the company hopes the settlement agreement of the class- action might help persuade some of the attorneys general who have been reluctant to go along with the deal."We hope that they'll look at this settlement and see that perhaps this is an appropriate time with everything else that's facing the country to get these issues behind us, as Microsoft is working to do," Burt said.
Microsoft Corp. Wisconsin Software Price Fixing Class Action Settlement. Milwaukee, WI: A class action lawsuit was filed alleging the firm overcharged customers for software. The class was filed on behalf of Wisconsin customers who purchased software from December 7, 1. April 3. 0, 2. 00. The case claimed Microsoft violated Wisconsin's antitrust and unfair competition laws by overcharging customers for some of its operating systems, word processing and spreadsheet software. A proposed class action settlement notes Microsoft will distribute vouchers valued at up to $2.
Wisconsin buyers. The deadline to file claims is June 3. Oct- 2. 0- 0. 6). SEATTLE BUSINESS JOURNAL: MICROSOFT ANTITRUST]. If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in the form to the right.