Featured Articles

IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
Intel lists Haswell refresh parts

Intel lists Haswell refresh parts

Intel has added a load of Haswell refresh parts to its official price list and there really aren’t any surprises to…

More...
Respawn confirms Titanfall DLC for May

Respawn confirms Titanfall DLC for May

During his appearance at PAX East panel and confirmed on Twitter, Titanfall developer Respawn confirmed that the first DLC pack for…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

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

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments