Seagate Settles Lawsuit Over Storage Capacity

Seagate Technology has agreed to reimburse potentially millions of customers and pay as much as $1.79 million in plaintiffs' attorney fees to settle a lawsuit accusing the world's largest maker of hard drives of overstating the data storage capacity of those devices, court records show. The Scotts Valley, Calif.-based company will refund 5% of the purchase price to people who bought Seagate hard drives in the United States from March 22, 2001, to Dec. 31, 2005, and submit a claim demanding repayment, according to the settlement agreement filed in San Francisco County Superior Court.

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