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Microsoft Monday settled a legal battle with Salt Lake
City-based online retailer Overstock.com, in which it
alleged the company had been advertising unauthorized Microsoft software.
The two parties did not disclose the terms of the settlement.
"We determined that reaching a settlement sooner would be less costly than
prolonging the litigation," said Jonathan Johnson, general counsel for
Overstock.com. "Although the settlement amount was substantial, it was not
material to the company's liquidity and will not affect the future
prospects of the company. We're glad to have the matter behind us."
The lawsuit first came to public attention in August 2002, when
Overstock.com revealed in a filing with the SEC that Microsoft was suing it
for allegedly distributing "counterfeit and otherwise unauthorized
Microsoft software."
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