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ANTITRUST Microsoft agrees to pay Gateway $150 million Redmond, Wash. (AP)-Microsoft Corp., the world’s biggest software maker, has agreed to pay Gateway Inc. $150 million over four years to settle a legal dispute and the companies will work together on the marketing and development of Gateway personal computing products. As part of the settlement, Gateway will release all antitrust claims against Microsoft based on past conduct. Gateway expects to use the funds for marketing initiatives, as well as for the research, development and testing of new Gateway products that can run current Microsoft products and Microsoft’s next-generation operating system and productivity software. Gateway’s claims arose from the antitrust case of the mid-1990s, where Gateway was specifically identified in U.S. District Judge Thomas Penfield Jackson’s findings as having been harmed by Microsoft’s practices. CLASS ACTION Judge signs off on $21M award in Holocaust case New York (AP)-A federal judge has approved a $21.9 million award to heirs of two families victimized by the Holocaust. U.S. District Judge Edward R. Korman approved the payment based on the recommendation of a court-appointed tribunal that disburses funds set aside under a settlement between Holocaust survivors and the banks. Holocaust survivors and their families sued Credit Suisse Group, UBS A.G. and other Swiss banks, accusing them of misappropriating hundreds of millions of dollars worth of Jewish holdings. In 1998, Korman approved a $1.25 billion settlement, and appointed the tribunal to process thousands of claims. The $21.9 million award stems from a claim by Holocaust survivor Maria Altmann, 89, of Los Angeles, and about two dozen unnamed heirs of Ferdinand Bloch-Bauer and Otto Pick, both major shareholders in a large sugar refinery in Austria before World War II. In 1938, the families transferred their shares to a Zurich bank. Despite promises that the shares would not be sold without the families’ consent, they were later transferred to a German investor. DEFAMATION Judge OKs $18M verdict against Florida paper Pensacola, Fla. (AP)-A Florida state judge has upheld an $18.28 million jury verdict against the Pensacola News Journal for actual harm to a businessman by casting him in a “false light.” A jury in December 2003 ruled for Joe Anderson Jr., founder of the Anderson Columbia road paving company in Lake City, Fla. He alleged that the newspaper’s use of the term “shot and killed” in a story falsely implied that he had murdered his wife, although the article later noted that authorities determined that it had been a hunting accident. MEDICAL MALPRACTICE Jury awards $3.85M in botched birth suit Mobile, Ala. (AP)-A state court jury has awarded $3.85 million to an Alabama family in a medical malpractice suit over the death of their 6-year-old son. Angela and James Wade sued Mobile Infirmary and obstetrician Franklin Long following the 2003 death of Daniel Curtis Wade, contending that his death was caused by complications during his birth in 1996. Daniel was born along with a twin sister, who is healthy. The girl was born first and had no problems, but Daniel was “breached,” or feet-first. The Wades argued that Long’s attempts to turn the baby around manually to allow it to be born head first, as is preferred, damaged the child’s brain. NEGLIGENCE Utility told to pay $10M in traffic light death Tallahassee, Fla. (AP)-Florida Power & Light Co. must pay $10 million to the parents of a 12-year-old girl killed in a traffic accident after the company shut off a signal at a suburban Miami intersection, the Florida Supreme Court has ruled. The court overturned an appeals court ruling that the drivers involved in the crash that killed Jill Goldberg were responsible in the death, not the power company. The state high court said that the utility should have realized it was causing a hazard when it cut electricity to a traffic light while fixing a power line at a home about 150 feet away. The family won a $37 million jury verdict against the utility, but a three-judge panel of an intermediate appellate court cut it to $10 million last year. The full appeals court later overturned the jury’s verdict, citing a state law that requires drivers to treat intersections as four-way stops if a signal is out. SHAREHOLDER SUIT Abercrombie & Fitch cuts pay of its CEO New York (AP)-Abercrombie & Fitch Co. will cut pay for its chief executive to settle a lawsuit brought by a shareholder. Shareholder John O’Malley claimed that Abercrombie’s board failed its duties in awarding a “grossly excessive and wasteful” pay package to Chief Executive Michael Jeffries. In the settlement, the New Albany, Ohio, company agreed to cut a potential $12 million bonus to Jeffries in half and have him forgo new stock options for two years.

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