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...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Gross v. Symantec Corporation


Case Number

3:12-cv-00154

Court

California Northern

Nature of Suit

Other Statutory Actions

Judge

Charles R. Breyer

Date Filed

January 9, 2012

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.