Netgear settles WiFi speed lawsuit

Remember a few months ago when
one pundit opined that it was a bit of a surprise that nobody had sued WiFi equipment providers over inflated speed claims? Well, someone (or, rather, a lot of someones,
in class-action lawsuit attack formation) did sue Netgear over speed statements, and the company has settled, agreeing to pay $700,000 to customers and to add YMMV-type disclaimers to its ads. The settlement looks like a good deal for Netgear: instead of offering refunds to customers who were misled by speed claims, the company is instead offering 15%
discounts to plaintiffs who purchase new equipment. And, as is the case with most such settlements, Netgear doesn't admit doing anything wrong; it just settled to "avoid the further expense, inconvenience, and distraction of burdensome and protracted litigation."