Symantec Inks $11M Deal Ending Claims It Used Scare Tactics

Law360, New York (March 18, 2013, 4:16 PM EDT) -- Software maker Symantec Corp. agreed Friday to hand over $11 million to a class of customers accusing the company of breach of contract and fraud for tricking them into believing their computers suffered from privacy threats and other technical problems in order to sell antivirus programs.

More than 1 million Symantec customers will be eligible to receive up to $9 each from the $11 million settlement fund, which is almost a complete recovery of the amount the class members overpaid for the software, according to a...
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