Microsoft Antitrust Settlement Dollars Going Unclaimed
-
Microsoft Antitrust Settlement Dollars Going Unclaimed
California companies and consumers who purchased Microsoft PC software may be leaving more than $1 billion on the table as a deadline for filing in a California class action approaches.
The Settlement Recovery Center (SRC), which assists businesses and non-profits making claims in class actions, said less than one million claims out of a potential 14 million claims have been filed as of Monday in the California case. The deadline for filing is Jan. 8.
Attorneys in the class action led by San Francisco law firm Townsend & Townsend & Crew have been awarded $101 million in fees and $11.5 million in expenses. As things stand at the moment, the attorneys could make more money than the claimants in the class action.
"The California case is the first to expire," said SRC spokesman Craig Wolfson, noting that several states have won class action suits against Microsoft. "We have 600 or more clients in California representing over one million employees."
Read more...
http://story.news.yahoo.com/news?tmp...=/cmp/56200544
-
Ren, please excuse my ignorance, however, would this come under what you guys call 'a statute of limitation' in the States??? I.e. After a certain period of time, you forfeit your right to initiate litigation proceedings due to the expiration of a specified time limit.