Microsoft Settles Class Action Suits Oct 29, 2003

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Microsoft Corp., the world's largest software maker, agreed to pay U.S. $200 million to settle class-action lawsuits filed in several U.S. states for overcharging customers for software. Under the settlements, eligible buyers of Microsoft's products will get vouchers that can be used to buy computer hardware or software. Half of any unclaimed vouchers will be used to buy computer equipment or software for schools. Agreements were reached in Kansas, the District of Columbia, North Carolina, North Dakota, South Dakota and Tennessee, U.S. The class actions claimed Microsoft used its Windows monopoly to thwart competition and overcharge customers for its software products.

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