[Am-info] Judge Kills Microsoft Private Suit Settlement
Mitch Stone
mitch@accidentalexpert.com
Fri, 11 Jan 2002 11:50:59 -0800
Friday January 11 2:44 PM ET
Judge Kills Microsoft Private Suit Settlement
BALTIMORE (Reuters) - A federal judge on Friday scuttled Microsoft
Corp.'s (Nasdaq:MSFT - news) proposed multimillion-dollar settlement of
the class-action antitrust suits filed against the software company.
U.S. District Court Judge J. Frederick Motz said he could not endorse the
settlement even though it would have committed Microsoft to spend
hundreds of millions of dollars on software and computers for poor
schools.
The ruling means Microsoft will have to start from scratch in negotiating
a new settlement or fight the scores of suits in court.
The settlement would have resolved more than 100 class- action antitrust
cases pending against Microsoft. Class-action attorneys from California
have argued the money should be reimbursed directly to customers who were
overcharged for Microsoft software.