fine

The European commission has reportedly slapped Google with a 1.49 billion Euro (or $1.69 billion USD) fine for "abusing its monopoly in online advertising." More specifically, the report alleges that Google prevented companies that using its search service from running any third party adverts...

Tesla has added two new independent directors to its Board of Directors. Larry Ellison and Kathleen Wilson-Thompson joined the Tesla Board of Directors on December 27, 2018 to meet compliance with the terms of a Securities and Exchange Commission (SEC) settlement. Elon Musk had drawn the ire of...

Charter Communications Inc., which includes Spectrum Management Holding Company (Charter) has agreed to pay a record $174.2 million consumer fraud settlement for defrauding its internet subscribers. Charter was accused of throttling the internet speeds of content provider rivals such as Netflix...

Swarm Technologies Inc has been ordered to pay a $900,000 fine by the FCC for "unauthorized deployment and operation of satellites, unauthorized operation of earth ground stations, and other unauthorized operation and testing of radio frequency equipment." The FCC had denied Swarm Technologies'...

The Securities and Exchange Commission has settled charges against boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). Floyd Mayweather Jr. received $100,000...

The FCC has proposed leveraging a $37.5 million fine against Affordable Enterprises of Arizona for making 2.3 million illegally-spoofed telemarketing annoyance calls from numbers belonging to other consumers not affiliated with the company. This is the very first time that the FCC has been able...

Wells Fargo is in hot water again with the government and this time it blames faulty software code for foreclosing on hundreds of homes. 625 accounts that should have been allowed mortgage modifications were denied and in 400 cases customers were foreclosed upon. This fine may seem hefty at $8...

Google has been fined $5 billion by the European Union (EU) for anti-competitive practices. First Google required Android phone manufacturers to bundle Google search and other Google web services with every device as the default in exchange for access to the Google Play store. Secondly, Google...

The FCC just issued its largest robocalling fine ever for a robocaller (WARNING autoplay video) from Florida. He is charged with making almost 100 million robocalls over a three month period using spoofed caller ID. According to the FCC he duped a large number of elderly people into purchasing...

Facebook has been fined $33 million for failing to help Brazilian authorities. The fine comes from two years ago when a court froze $6 million of Facebook's cash after it didn't hand over data for a criminal drug smuggling investigation. Facebook is apparently still not cooperating, and a judge...

The European Commission has fined eight capacitor producers because they operated a cartel to maximize profits. In other words they were price-fixing from 1998 to 2012 and all of the companies involved were Japanese companies. The total fines handed out were over 253M Euros. Maybe it's time...

The FTC recently completed their investigation of VTech's 2015 data breach that exposed data on millions of parents and their children. The FTC validated that VTech did break the law and they fined this huge company a whopping $650K. This fine is a simple slap on the wrist and is a perfect...

Remember 10 years ago when the European Union fined Intel $1.3 Billion for antitrust practices in the EU? Are you surprised that the fine has not yet been paid, and is still in court today? Me either. We have seen this huge fine written about over and over and over. It is back again today...

Not that Apple would ever use someone else's technology without permission, but that seems to be exactly what happened here, and when Apple got court ordered to pay a judgment, it did not do so. Now the judge has somewhat thrown the book at Apple, basically doubling the judgement. And all of...

After fining Google $2.7B (yeah BILLION) last month for leaning search results in its own favor when it came to shopping, the EU is now looking at coming at Google with the rest of its one-two punch according to Reuters. It seems that the EU now wants to go after Google for requiring...

Dish Network was ordered by U.S. District Judge Sue Myerscough to pay $280 million to the U.S and four states for using robocalls to customers on do-not-call lists in a record fine for telemarketing violations. The company has to pay $168 million to the federal government and $84 million to...

Germany's Federal Court of Justice this week ruled that if parents are aware that their children have committed copyright infringement they must identify them to the court, or pay their fines. This was a ruling in a case stemming from a 2011 distribution of an album by Rihanna by a minor. This...

The European Commission is at it again, threatening to fine social media companies over consumer protection regulations. (Caution, link contains a video which plays automatically) This time it is over their slow response time in removing abusive, illegal, threatening or slanderous content...