Netgear Settles Lawsuit on Wi-Fi Speed Claims
Grant Gross writes in InfoWorld:
Netgear has agreed to settle a class-action lawsuit accusing the company of inflating the data speeds of its Wi-Fi networking devices in advertising materials.
Netgear, in a Nov. 23 filing with the U.S. Securities and Exchange Commission (SEC), said it has agreed to pay $700,000 to settle a class-action lawsuit initiated in June 2004. A second lawsuit, filed in February, was voluntarily dismissed in favor of the 2004 lawsuit.
Customers who purchased Netgear wireless devices between January 1999 and this month will be eligible for a 15 percent discount on a purchase of a new wireless device under terms of the settlement. The agreement must be approved by the Santa Clara County Superior Court in California.
posted by Fergie @ 11/28/2005 10:01:00 AM
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