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Microsoft Corp. agreed Wednesday to pay Iowans up to $180 million to settle a class action lawsuit that claimed the company had a monopoly that cost the state’s citizens millions of dollars extra for software products.

The $179.5 million settlement means individuals in Iowa who bought certain Microsoft products between 1994 and 2006 will be eligible for cash. Companies with multiple copies can seek vouchers that will enable them to buy computer equipment and software. The amount that can be claimed will depend on which product and how many copies were purchased during the 12-year period.

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