M
Mr. Pitts
SAN FRANCISCO (MarketWatch) -- Microsoft Corp. said early Wednesday it has
settled an anti-trust class action lawsuit brought against it in Iowa. Terms
of settlement of the seven-year-old case were not disclosed, though
Microsoft (MSFT) said in a release that Iowa consumers and businesses that
bought software including the company's Word, Excel and Office applications
between May 18, 1994 and June 30, 2006 will be compensated. The settlement
also includes an unspecified amount that will be paid to the Iowa Department
of Education. The Iowa suit, Comes et. al v. Microsoft Corp., was brought on
behalf of thousands of Iowa consumers claiming Microsoft engaged in
anticompetitive conduct, thus causing them to pay some $300 million more for
software than they would have otherwise.
settled an anti-trust class action lawsuit brought against it in Iowa. Terms
of settlement of the seven-year-old case were not disclosed, though
Microsoft (MSFT) said in a release that Iowa consumers and businesses that
bought software including the company's Word, Excel and Office applications
between May 18, 1994 and June 30, 2006 will be compensated. The settlement
also includes an unspecified amount that will be paid to the Iowa Department
of Education. The Iowa suit, Comes et. al v. Microsoft Corp., was brought on
behalf of thousands of Iowa consumers claiming Microsoft engaged in
anticompetitive conduct, thus causing them to pay some $300 million more for
software than they would have otherwise.