REDMOND, Wash., May 3 (UPI) -- Microsoft Corp. agreed to pay $70 million to settle an antitrust lawsuit by several California governments.
The class action lawsuit was filed in August 2004 by the city and county of San Francisco and the city of Los Angeles, and the counties of Santa Clara, San Mateo, Los Angeles and Contra Costa, lawyers for the plaintiffs said Wednesday.
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The cities and counties alleged that Microsoft engaged in anti-competitive conduct and used its market power to overcharge members of the government class.
Microsoft denies the claims and maintains that it developed and sold high-quality and innovative software at fair and reasonable prices.