Tag Archives: settlement

Google Play Judge Calls $700 Million Settlement Bad for Customers

Google Play Judge Calls $700 Million Settlement Bad for Customers

(Bloomberg) — A federal judge appeared skeptical of Alphabet Inc.’s $700 million proposed settlement with states and consumers to resolve claims that the Google Play app store abuses its market power. Most Read from Bloomberg At a hearing Monday, US District Judge James Donato said the accord seems to give short-shrift to consumers both in the overall compensation it provides and the broad release it gives the company from future lawsuits. “Right now I’m not saying it’s a bag of… Source link

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McDonald’s former CEO agrees to pay $52.7M in SEC settlement

McDonald’s former CEO agrees to pay $52.7M in SEC settlement

McDonald’s (MCD) former CEO Stephen Easterbrook agreed to repay more than $52.7 million in a settlement with the U.S. Securities and Exchange Commission over investor fraud allegations. The agency alleges that Easterbrook defrauded the company’s investors by lying about sexual relationships with company subordinates while he was CEO, resulting in a separation compensation that he should not have received because of the alleged fraud. The conflict — that the company at the time said was… Source link

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Texas reaches settlement with radio stations over deceptive Google Pixel ads

Texas reaches settlement with radio stations over deceptive Google Pixel ads

Texas has reached a settlement with radio giant iHeartMedia over thousands of deceptive ads it aired promoting the Google Pixel 4 smartphone. The San Antonio-based radio station owner agreed to pay $65,000 in civil penalties and attorney fees, the Texas Attorney General’s Office announced Monday. The settlement comes one month after iHeartMedia and Google reached an agreement with the Federal Trade Commission, Texas and several other states to pay $9.4 million in penalties. Federal and state… Source link

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