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That’s how Reuters titles their report:
Microsoft Corp. said on Tuesday that it had settled a lawsuit against Scott Richter, whom it identified as a former “spam king.”
Microsoft said that as part of the settlement Richter and his company agreed to pay $7 million to Microsoft.
Richter and his company will file a motion on Tuesday to dismiss bankruptcy proceedings they filed in March in the U.S. bankruptcy court in Denver, according to a joint statement by Microsoft and Richter.
The settlement is conditioned on dismissal of the bankruptcy cases.
A separate statement from Microsoft senior vice president and general counsel Brad Smith said the company will reinvest all of the money including $5 million which will go to increase Internet enforcement efforts and expand technical and investigative support to help law enforcers to address computer-related crimes.
Brad Smith’s open letter has more.
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