AT&T owes Missouri munies $65M

A Circuit Court judge in St. Louis has approved a settlement in a long-running legal fight between telco giant AT&T and about 330 municipalities in Missouri who had charged that AT&T did not pay enough taxes on the various landline fees it charges customers. The company will now pay out about $65 million total across these municipalities to settle the resulting class action suit. Kansas City, Mo., will get about $10.7 million out of the settlement, the largest amount that any one municipality will receive. The pay-outs will take about five months to process, assuming that municipalities agree to the settlement terms.

For more:
- The Kansas City Business Journal has this story

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