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MS overcharged Iowa $453 Mil!
Written by Daniel   
Thursday, 15 February 2007 09:30

Microsoft Settles Iowa Class-Action Lawsuit
The class-action suit claimed Microsoft overcharged consumers and businesses as much as $453 million over a 12-year period.
By Antone Gonsalves
Feb 14, 2007 01:37 PM

Microsoft on Wednesday said it has settled an Iowa class-action lawsuit accusing the company of overcharging consumers and businesses for its products.

Terms of the settlement were not disclosed pending approval from the state court trying the antitrust case. Approval is expected in April, Microsoft and plaintiff's lead attorney Roxanne Conlin said in a joint statement.

Under the agreement, Microsoft would provide half of any unclaimed proceeds to the Iowa Department of Education to help bridge the digital divide in public schools through the purchase of computer hardware and software.

"One of the best aspects of resolving this case is that we can provide much needed resources to underprivileged schools," Rich Wallis, associate general counsel for Microsoft, said in the statement..... More

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