DonateDirect™

"When we decided to participate, we weren't sure what to expect...it seemed too good to be true. We just received $9,953 from the Claims Administrator! This fundraising program helped us offset technology costs... if only there weren't the $10,000 limit."

- Bob Cohn
Business Manager
Marin Country Day School

Press

The following article was originally published on Thursday, December 16, 2004 on the InterNet Bankruptcy Library website.

MICROSOFT CORPORATION: SRC Urges CA Court To Allow Nonprofits

Attorneys for Settlement Recovery Center ("SRC") will ask a San Francisco Superior Court Judge to stop Microsoft from interfering with hundreds of nonprofit organizations that want to participate in the $1.1 billion Microsoft class action settlement in California.

SRC, a San Francisco-based company that helps businesses participate in class action settlements, operates DonateDirect™, a program that lets claimants donate their recoveries to qualified non-profit organizations. Microsoft has attempted to block this program. SRC filed a motion on behalf of charitable donors and SRC's nonprofit clients.

Californians have until Jan. 8 to claim their share of a $1.1 billion fund arising out of a 2003 class-action settlement. Anyone who doesn't file by Jan. 8 will be out of luck.

Microsoft stands to save hundreds of millions of dollars if eligible claims are not filed by the approaching deadline.

Only a small fraction of the qualified claims have been filed. "Fourteen million people in California are eligible to share in the Microsoft payout, but only around 600,000 claims have been filed so far," says SRC's founder and CEO Howard Yellen.

Yellen says it's wrong to exclude non-profits from the settlement benefits. "People should file to recover every dollar they are entitled to from Microsoft, and no one should be precluded from donating an entitlement to a non-profit where it can do the most good."

SRC has been hired to file claims for over 600 leading companies and nonprofits with millions of employees in the fields of banking and financial services, healthcare, telecommunications, technology, transportation, manufacturing, law, retail, education and entertainment.

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