Microsoft May Pay $1.15B To Fix Faulty Xbox 360s

Law360, New York (July 6, 2007, 12:00 AM EDT) -- After over a year of bad publicity over what has become known as the “red ring of death” on their Xbox 360 game consoles, Microsoft Corp. on Thursday said it would begin what may become one of the costliest consumer warranty repairs in history.

The Xbox 360 first went to retail in November 2005 and in the following 18 months sold about 11.6 million units. However, consumers soon started reporting hardware failures in their game consoles, denoted by three flashing red lights circling the Xbox 360's...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.