Microsoft to Pay Out $1.1 Billion to Settle Antitrusts Claims

Microsoft Corp., the world’s biggest software maker will pay soon $1.1 billion in delayed payout to settle antitrust claims with California consumers and businesses.

A California court had approved the settlement in July 2004, but a single class member had held up distribution of the money over his objection that the agreement called for unclaimed benefits to go to the state’s public schools.

Most California consumer claims total less than $100, but many could exceed that amount depending on how much software was purchased, Grossman said. The claims for businesses typically range from tens of thousands of dollars to millions of dollars, he said.

Microsoft (Charts) has settled similar lawsuits with about 16 states plus the District of Columbia accusing the company of using its Windows monopoly to thwart competition and overcharge customers for its software products.

Link [money.cnn.com/2006/07/26/technology/microsoft.reut/index.htm?section=money_latest]

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