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Comcast's $50 Million Antitrust Settlement Gains Approval

A federal judge has approved a $50 million settlement of a class-action lawsuit against Comcast, which allegedly overcharged users in the Philadelphia area. The deal calls for the company to issue former or current cable TV subscribers $15 in credits, or free services ranging in value from $30 to $43.50. The settlement resolves allegations that Comcast violated antitrust laws "by gobbling up competitors, then using the company's ever-growing market power to aggressively raise rates on customers," according to DSLReports.

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