Google’s payments to make its search engine the default option on smartphone web browsers violate U.S. antitrust law, a federal judge ruled Monday, handing a key victory to the Justice Department. Judge Amit Mehta in Washington said that the Alphabet …
TikTok was sued by the U.S. for allegedly collecting data on children in violation of a federal online privacy act, three months after the popular video app sued the government over a law that could ban it across the country. …
Charter Communications will pay a $15 million civil penalty to resolve an investigation into compliance with network and 911 outage notification rules, the Federal Communications Commission said on Monday. The FCC said Charter admitted to violating the agency’s rules on …
Australia plans to introduce a law by the end of the year forcing internet companies to proactively stop hosting scams or face hefty fines, the top consumer regulator said on Friday, potentially setting up another showdown with Big Tech. The …
Nordea Bank could face an estimated maximum fine of almost $1 billion over alleged failures to stop money laundering if it loses its case with Denmark, according to some legal experts, an amount that would far exceed the lender’s own …
Financial regulators in 25 U.S. states announced on Wednesday a settlement with cryptocurrency investment platform Abra and its CEO for operating without required state licensing. As part of the settlement, Abra last year agreed to stop accepting crypto from U.S. …
The US Federal Trade Commission sued Adobe Inc., alleging the software company violated consumer protection laws by making it too difficult for consumers to cancel their subscriptions. Adobe pushed users toward annual subscriptions to its creative software such as Photoshop …
MicroStrategy Inc. and its co-founder and Chairman Michael Saylor will pay $40 million to resolve a tax fraud lawsuit. The Washington, DC, attorney general’s office sued Saylor in August 2022, alleging the crypto billionaire had failed to pay more than …
Mondelez International Inc. was fined €337.5 million ($366 million) after European Union antitrust watchdogs said the US company illegally thwarted cross-border sales of its chocolate, cookies and coffee. The EU said the maker of Côte d’Or chocolate, Ritz crackers and …
Intercontinental Exchange, Inc., which owns the New York Stock Exchange, agreed to pay $10 million to settle Securities and Exchange Commission allegations that the exchange giant failed to immediately tell the SEC about a hack of its systems in 2021. …