Bono firm wins $60m in Microsoft action, a Californian internet company whose shareholders include U2, has won a $60 million (€45 million) legal settlement from software giant Microsoft.

19th March, 2005

The out-of-court settlement has concluded a legal battle that began in 2002, when Burst alleged thatMicrosoft stole patented technology and trade secrets relating to its internet video product.

The small company also claimed that Microsoft had destroyed e-mails relating to the issue.The settlementwasmade just hours before a court hearing was due to start,whichwould have seenMicrosoft founder Bill Gates questioned under oath. Burst has agreed to drop all litigation againstMicrosoft,which now has a non-exclusive right to Burst's...

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