Microsoft Reportedly to Settle Private Suits

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Microsoft

(MSFT) - Get Report

is reportedly on the verge of settling about 100 private antitrust cases for $1.1 billion.

According to

The Wall Street Journal

, the software company will settle the class-action suits by donating computers and software to about 14,000 poor school districts over the next five years. The agreement was proposed by plaintiffs' lawyers, who determined the settlement would result in negligible individual payments.

Microsoft recently reached an agreement to settle the government's antitrust suit against it. The settlement with private plaintiffs must be approved by a court.