Atty Hits LexisNexis With $500M Faulty Software Claim

Law360, New York (March 2, 2010, 5:40 PM EST) -- A lawyer has fired off a $500 million class action arbitration against Reed Elsevier Inc. and its LexisNexis division, alleging consumers nationwide racked up massive fees after the company sold deficient software that failed to safeguard against subscriber surcharges.

The arbitration case, filed Monday at the American Arbitration Association for a hearing in New York, claims LexisNexis sold software that failed to notify its customers when they risked conducting research outside their database restrictions, incurring hefty usage fees in addition to the flat monthly rates....
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