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Microsoft settles with Gateway for $150 million

[JURIST] Microsoft has agreed, after mediation, to pay computer manufacturer Gateway $150 million over four years to settle claims arising from the software giant's mid-1990s antitrust case, in which Gateway was specifically identified [Judge Jackson's findings of fact] as having been harmed by Microsoft's practices. The companies announced the settlement in a press release Monday. Gateway will release all antitrust claims based on past conduct, while Microsoft, though denying any liability, will fund Gateway marketing intitiatives, training, and testing of new products that run Microsoft software. Although the statute of limitations on Gateway's claims ran in 2003, the companies had previously agreed to extend that period in order to reach a deal. Bloomberg has more.

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