Friday, January 06, 2006

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.


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