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Case ID: 3604 | Technology | 08/19/2004
The parties have reached a settlement valued at $31.5 million in a class action filed against Microsoft Corporation on behalf of New Mexicans who, between December 1995 and December 2002, indirectly purchased Microsoft operating system, productivity suite, spreadsheet, or word processing software for use in New Mexico. The action alleged that Microsoft violated Mexico’s antitrust laws by illegitimately using its monopoly power. Persons eligible to take part in the settlement may contact attorneys for the class for more information.
The settlement will make vouchers available to class members that may be used to buy: • Any manufacturer's desktop, laptop and tablet computers; • Any software available for sale to the general public and used with those computer products; and • Specified peripheral devices for use with computers.
The action alleged that Microsoft maintained a monopoly in the New Mexican operating system software market since the introduction of its Windows 95 OS, that the monopoly was achieved by anticompetitive conduct, and that Microsoft's anticompetitive conduct eliminated competition in the operating system software market, deprived purchasers of the benefits of a free market, and injured consumers by forcing them by pay artificially high prices. Microsoft, the world’s leading supplier of operating systems software for personal computers, also allegedly engaged in conduct that eliminated or retarded the development of new software products that could support or become alternative platforms to Microsoft’s operating systems. Finally, the lawsuit alleged that Microsoft used its operating system monopoly to illegally leverage the Internet browser market by forcing equipment manufacturers to install its Internet Explorer exclusively. Because of these activities, the price that residents of New Mexico paid for their software was allegedly higher than it would have been in a normally competitive market. Class actions against Microsoft are still pending in Iowa and Wisconsin.
At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Technology Cases of Interest Debt securities are sold to investors with the promise that they will be paid with or without interest at the end of a specified period. The parties have reached a tentative $3.75 million settlement of several class actions filed against technology company Lucent Technologies, Inc. (NYSE:LU) and certain of its officers and directors by security holders who purchased the following debt securities: (1) 6.9% notes due July 15, 2001; (2) 7.25% notes due July 15, 2006; (3) 6.5% debenture due January 15, 2028; (4) 5.5% notes due November 15, 2008; and (5) 6.45% Debentures due March 15, 2029, during the period from December 20, 2000 through March 27, 2001. To recover under the settlement, a completed proof of claim postmarked no later than March 31, 2004, must be mailed to the claims administrator. The class action lawsuit was filed July 15, 2005 by New York attorneys on behalf of purchasers of shares in game publisher Majesco seeking monetary compensation. The lawsuit alleges violations of the federal securities laws by Majesco Entertainment Company and certain of its officers and/or directors. The lawsuit is on behalf of purchasers of the securities of Majesco Entertainment Company (NASDAQ: COOL) between December 8, 2004 to July 12, 2005, inclusive (the "Class Period") seeking monetary compensation under the Securities Exchange Act of 1934.
Promotional campaigns that make promises create binding contracts that the promoting company is then responsible to fulfill. The parties have reached a nationwide $525,000 settlement in a class action against America Online, Inc. and Talk America, Inc. on behalf of all persons signed up for long-distance telephone service with Talk America pursuant to a "free AOL" offer, at any time between December 3, 1997, and October 1, 2001. A class action has been filed in the Northern District Court of California against Tripath Technology, Inc., a California based technology company, (NASDAQ: TRPH) and certain of its officers and directors by stockholders who purchased the company’s common stock between January 29, 2004 and October 22, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company’s securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. A class action has been filed against Input/Output Inc. (NYSE:IO), a TX based provider of seismic acquisition imaging technology, and certain of its officers and directors by stockholders who purchased the company's common stock between May 10, 2004 and January 4, 2005. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. Several class actions have been filed against technology company Verdisys, Inc. (OTC:VDYS.PK; formerly Nasdaq:VDYS) and certain of its officers and directors by stockholders who purchased the company's common stock between August 20, 2003, and March 9, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. |
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