Netgear Settles Suit Over Speed Claims

["Richard M. Smith" <rms () computerbytesman com>]

http://online.wsj.com/article/SB113313387667807686.html?mod=todays_us_money_
and_investing
 

Netgear Settles Suit Over Speed Claims

By a WALL STREET JOURNAL Staff Reporter
November 28, 2005; Page C5


Netgear <http://online.wsj.com/quotes/main.html?type=djn&symbol=NTGR>  Inc.
agreed to settle a class-action suit that claimed it exaggerated the
data-transfer speeds of its wireless equipment.

As part of the settlement, the Santa Clara, Calif., networking-products
company will pay $700,000 in legal fees and include disclaimers about the
data-transfer speed of its products, according to a Securities and Exchange
Commission filing. The company, which denied any wrongdoing or violations of
the law, will give 15% discounts to members of the class and donate $25,000
of its products to a charity of the company's choice.

Netgear was granted preliminary court approval of the settlement on Nov. 22,
the filing said. The court hearing on the final approval of the settlement
will be March 21.

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