Microsoft
The lawsuit first came to public attention in August 2002, when
Salt Lake City-based Overstock.com is one of the few e-tailers that thrived in the wake of the dot-com crash. It rapidly achieved profitability, based partly on its 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.”
Overstock.com revealed in a filing with the SEC that Microsoft was suing it
for allegedly distributing “counterfeit and otherwise unauthorized
Microsoft software.”
strategy of buying surplus tech products from the liquidation of other
dotcom firms. Having already purchased the products at bargain-basement
prices, the site would turn around and sell them to customers at deep
discounts off the regular retail price.
Overstock, Microsoft Settle Suit over Piracy Allegations
