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Microsoft To Pay $1.1B Antitrust Settlement

Law360 (July 26, 2006, 12:00 AM EDT) -- A missed deadline at an appeals court has cleared the way for Microsoft Corp. to pay out $1.1 billion in a class action antitrust suit that accused the software giant of price-gouging.

Although California’s public schools weren’t on the docket, they may be the lawsuit’s real winners.

“There’s no question that vigorous antitrust enforcement is what allows our free enterprise system to work: that’s what we accomplished here,” said Richard Grossman, a partner at Townsend and Townsend and Crew LLP, lead counsel for the plaintiffs....
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