Settlement Recovery Center CEO Heads to Court against Microsoft; Less Than 5 Percent of 14 Million Eligible, but Case is Not Closed

SAN FRANCISCO--(BUSINESS WIRE)--March 29, 2004

Howard Yellen, ESQ, CEO of Settlement Recovery Center (www.settlementrecovery.com), the leader in fund recovery from class actions, is headed to court to argue for more time for con- sumers to file claims against Microsoft. The hearing is based on an anti-trust settlement that allows consumers and businesses to collect up to $1.1 billion in California overcharges to cus- tomers for Microsoft software purchased from 1995-2001.

The deadline for filing claims — currently April 30th — was originally set for March 15th but was pushed back once already to accommodate the hearing at which Yellen will face off against Microsoft. Plaintiff’s lead coun- sel, Townsend, Townsend and Crew is supporting Yellen in papers it has filed with the Court.

To date, fewer than 5 percent of the 14 million eligible claims have been filed. Yellen will peti- tion the court for more filing time, as the class action settle- ment is extremely difficult for consumers to file their claims. The argument from Yellen will detail inadequate notice to con- sumers and complicated claim procedures. Yellen is seeking to extend the date for filing claims, allowing consumers and busi- nesses enough time to be identi- fied as a settlement claimant, fill out appropriate forms and file the claim.

In papers filed with the court Yellen stated “It is not clear that there has ever been a large scale consumer class action settlement
that potentially provided more meaningful benefits to consumer and business plaintiff alike and Settlement Recovery Center gen- uinely hopes this case provides a roadmap for future consumer class action settlements and per- haps for reform in the class action system itself.”

Yellen is expected to appear before Judge Alvarado at 10:00 a.m. at the San Francisco Superior Court House on Monday, March 29th. This hear- ing is open to the press and pub- lic. Yellen is available for press interviews directly after the hear- ing on the steps of the Superior Court House. Please contact Binay Curtis at 415-383-7243 to arrange interviews.

About Settlement Recovery Center:

Settlement Recovery Center specializes in filing claims in class action settlements for con- sumers affected by Microsoft’s alleged anti-competitive business practices. To date, Microsoft has settled suits with a combined val- ue in excess of $1.5 billion. SRC’s website www.settlemen- trecovery.com is the most com- plete resource on these class- action settlements. SRC provides services to businesses, nonprofits and individuals and is dedicated to helping their clients recover the maximum amount entitled to under the settlements. SRC main- tains a staff of technical experts and software licensing profession- als that have dozens of years of experience researching, purchas- ing, and documenting software, including all Microsoft products.