Well if you are a lawyer in Iowa and want to make some big bucks, sue Microsoft. Seems that a judge in Iowa has approved a class action settlement of some $179.95 million big ones of which the lawyers involved representing the people of Iowa get $75 million of the reward monies. Not bad. The settlement is payment to those who bought Microsoft software products between 1994 and 2006.

But more is yet to come for the software giant. A European court must decide in September whether Microsoft should pay more that $1 Billion in fines brought against the company by the European Union. The EU has charged Microsoft with anti-competitive behavior and other things like charging to much for licenses and not providing enough technical information.

With Microsoft having to take a hit on the X-Box 360 for the tune of $1.1 Billion for repairs and extended warranty coverage, 2007 is shaping up to be a very expensive year for the Redmond, WA. based company.

Do you think we should take up a collection to help Microsoft out? LOL
Comments welcome.

[tags]microsoft, software, fines, [/tags]