AOL to Settle Suit Over Billing
A Reuters newswire article, via CNN/Money, reports that:
The America Online unit of Time Warner Inc. has agreed to settle a lawsuit over wrongful billings for as much as $25 million in cash plus other damages, a court-appointed mediator said Friday.
"AOL is settling this action simply to avoid the burden and expense of litigation," settlement administrator The Garden City Group Inc. said in a statement.
The proposed settlement calls for the company to pay up to $25 million in cash compensation and also issue AOL account credits, forgive amounts owed for unauthorized charges and make charitable donations of AOL services, the administrator said.