What are the Terms of the Settlement?
Microsoft will provide up to $37.8 million to volume licensing customers and consumer customers in the form of vouchers, which may be redeemed for rebates on the purchase of Qualifying Hardware or Qualifying Software. On September 7, 2006, the Court conditionally certified a Settlement Class (defined in the notice) and preliminarily approved a Settlement Agreement.
Subject to the terms and conditions of the Stipulation and Settlement Agreement (the “Settlement Agreement”), dated November 30, 2007 (which is on file with the Court and available on the appropriate link on this website, Defendants are paying $13 million into an interest bearing escrow account (the “Settlement Fund”). Pursuant to the Settlement Agreement, Defendants have also agreed to: (i) a commitment, more fully described in the Stipulation and Settlement Agreement, that BAR/BRI will offer for sale BAR/BRI Complete Courses, which will be directed toward preparing students for all portions of the various bar examinations; a BAR/BRI MBE Course, which will be directed toward preparing students for the Multistate Bar Examination (the “MBE”); and BAR/BRI State-Specific Courses, which will be directed toward preparing students for the subjects covered in a BAR/BRI Complete Course other than the MBE; (ii) the payment of attorneys’ fees and expenses in an amount as awarded by the Court; (i
