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Microsoft Reaches Settlement in Antitrust Class Action Lawsuits
Microsoft has reached a nationwide settlement of more than 100 class action lawsuits that were filed shortly after Judge Thomas Penfield Jackson issued his Findings of Fact in the federal antitrust case in November 1999.
The settlement agreement, if approved by the Court, could lead to the nationwide settlement of all 120 class action cases against Microsoft.
Under the proposed settlement, Microsoft will donate more than $1 billion in cash, training and software to help make computer technology more accessible to public schools serving nearly 7 million of America's most disadvantaged children.
The program, if accepted by the Court, will provide cash, computer hardware, software, technical assistance and training to about 12,500 schools and more than 400,000 teachers who work in those schools.
Microsoft has always delivered great software at extremely competitive prices, and we are pleased to have the opportunity to put these lawsuits behind us and help the country's most disadvantaged public schools and students at the same time. A public hearing on the agreement is scheduled for Tuesday, November 27th.
Microsoft CEO Steve Ballmer said of the announcement that, "Just like the recent settlement of the federal antitrust case with the U.S. Department of Justice and nine state Attorneys General, we believe this is a fair and reasonable solution that will benefit consumers, the high-tech industry, and the overall U.S. economy. We remain hopeful that the remaining state Attorneys General will join these settlement efforts."
For more information on this settlement, the settlement in the antitrust matter, or other issues important to Microsoft and the high-tech industry, keep your eye on the Freedom to Innovate Web site here at www.microsoft.com/freedomtoinnovate, where you can also let your public officials know your thoughts on any of these matters.
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