Microsoft sends last settlement payment to state
by MBJ Staff
Published: October 18,2011
JACKSON — Microsoft Corporation has wired its final $5 million to a state account as part of a multi-million-dollar anti-trust settlement the company reached with the state in 2009, announced Attorney General Jim Hood.
“We collected $48.5 million for the state and $1 million for Mississippi consumers who redeemed their vouchers,” said Hood. “Mississippi recovered more than any other state and it did not cost the taxpayers anything, because we made Microsoft pay our attorneys.”
The AG launched an anti-trust suit against the software development giant in 2004 claiming the software developer had illegally overcharged Mississippi residents by creating a monopoly for their computer operating system software, including Windows 95, Windows 98 and Windows ME as well as other Microsoft products, such as Microsoft WORD, Excel and other applications.
The company settled with the state and gave Mississippi $40 million in 2009, which Hood directed to state coffers to offset shortfalls in the state budget. The company has since paid an additional $3.5 million, $1 million of which was returned in vouchers to qualifying Microsoft users, including individuals, schools and businesses.
The settlement agreement allowed Microsoft to hold back their final installment in case citizens filed objections to the settlement or filed individual lawsuits. Nothing was filed, therefore Microsoft has paid the full final payment.
The company has now paid all due to the state as a result of the settlement agreement.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Silver Airways ordered to continue service
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Bryant signs controversial abortion ban bill
- Soybean yield more than doubles in less than a decade
- Two Delta groups getting economic development funding
- Pharma Pac lays off rest of workers; could end up owing state
- Plans unveiled for large shooting range on Coast
- Ole Miss launches commitment to be 'climate neutral'
- Yarber could be sworn in today as new Jackson mayor
- Biloxi baseball project still alive but may be held for 2015