Microsoft Corp. said on Tuesday that it had settled a lawsuit against Scott Richter, whom it identified as a former "spam king." Microsoft said that as part of the settlement Richter and his company agreed to pay $7 million to Microsoft.
Richter and his company will file a motion on Tuesday to dismiss bankruptcy proceedings they filed in March in the U.S. bankruptcy court in Denver, according to a joint statement by Microsoft and Richter. The settlement is conditioned on dismissal of the bankruptcy cases.