Microsoft settles suits for $1.1 billion

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Microsoft Corp. said Friday that it had settled a number of class-action lawsuits filed in the state of California for $1.1 billion that will return money to consumers in the form of vouchers to buy computers and computer-related items.

The Software Giant said that it settled the lawsuit with the law firm of Townsend and Townsend and Crew LLP, lead counsel for a series of lawsuits filed by California consumers.

California consumers and businesses who bought Microsoft's operating system, productivity suite, spreadsheet or word processing software between Feb. 18, 1995, and Dec. 15, 2001, will receive vouchers to buy "any manufacturer's desktop, laptop and tablet computers, any software used with those computer products and specified peripheral devices for use with computers," Microsoft said

Two-thirds of any unclaimed settlement proceeds will be donated to California's public schools to be used for Microsoft software, as well as to buy computer equipment and non-Microsoft software.

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News source: MSNBC

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