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Microsoft and Plaintiffs Resolve Iowa Class Action Lawsuit | |
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| Time: 11:49 EST/16:49 GMT | News Source: Microsoft Press Release | Posted By: Jonathan Tigner | ||
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Class counsel and Microsoft jointly announced that a settlement has been reached in a class action lawsuit that alleged violations of the Iowa Competition Law. The terms of the settlement are not being disclosed pending preliminary court approval, which is expected in April. The settlement concludes the seven-year case and will provide compensation to individuals and businesses that purchased specified operating system and application software including Word, Excel and Office from May 18, 1994, through June 30, 2006. Details for making claims will be announced this spring. Under the settlement, Microsoft will provide half of any unclaimed proceeds to the Iowa Department of Education to bridge the digital and technical divide in Iowa schools through the purchase of computer hardware and software. | ||
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