Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 07 September 2007 07:57

Microsoft to pay $180 million

Written by David Stellmack

Image

Attorneys get $75 million

 

A seven-year class action antitrust lawsuit that was filed on behalf of consumers in the State of Iowa has been settled by Microsoft Corporation for $180 million.

The jury ruled against Microsoft and agreed that it had used monopolistic actions to overcharge Iowa residents for its software programs, such as Windows and Office.  The consumers who participated in the class action suit will be eligible for refunds from US$16 per copy for Windows software claims and US$29 per copy for Microsoft Office claims. 

What has the citizens of Iowa in a huge upheaval, however, is that a huge amount of the settlement -- $75 million – will be paid to the attorneys and their firms who prosecuted the case against Microsoft.   The two attorneys who presented the majority of the case were awarded individual fees that calculate out to an hourly rate of about $1,072 per hour.

All of the attorneys, law clerks and other members of law firms who worked on the case against Microsoft claimed hours totaling more than 117,000 hours in preparing for and presenting the case, with the average hourly rate being paid to them at $640 per hour.  So, the average Iowan consumer will probably net less than $100, and the attorneys will walk away with the lion’s share of the settlement. The attorneys have argued that they took the risk and would have been out of pocket over $8 million if they had lost the case. 

Somehow, this just doesn’t sound like justice to us, especially in a consumer class action claim.

Last modified on Friday, 07 September 2007 09:44

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments