Microsoft Corp. and Be Inc. Reach Agreement to Settle Litigation
Date 6-Sep-2003 6:33:22
|NewsALERT reports: |
"Be Inc. (Nasdaq: BEOS; OTC: BEOSZ.PK) and Microsoft Corp. (Nasdaq: MSFT) today announced that the parties have reached a mutually acceptable mediated settlement of an antitrust lawsuit filed by Be Inc. in February 2002, which is currently pending in the United States District Court for the District of Maryland in Baltimore. Be will receive a payment from Microsoft, after attorney's fees, in the amount of $23,250,000 (U.S.) to end further litigation, and Microsoft admits no wrongdoing."