settlement
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Twitter Will Pay $1.1 Billion Over Allegations Of Inflated User Growth
Twitter has agreed to pay $US809.5 million ($AU1.11 billion) to settle a lawsuit commenced in 2016 in the United States District Court for the Northern District of California that alleged Twitter and its execs misled investors about its user growth projections. The lawsuit alleged that Twitter and its execs knowingly concealed and made false statements…
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Apple’s ‘Batterygate’ Saga Wraps Up With $154 Million Settlement
Younger readers might not know, but there was once an annual tradition in which Apple would release a new iPhone, old iPhones would suddenly start performing poorly, and users would speculate about a conspiracy to get them to buy the shiny new thing. It turned out that a conspiracy, of sorts, did exist, and Apple…
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Spotify Agrees To Fork Over $112 Million To Artists In Class Action Settlement
Spotify has faced a number of accusations regarding violations of copyright in recent years and this week saw one of those looming lawsuits put to bed. On Tuesday, a federal judge approved a $US112 million settlement in a class action suit that accused Spotify of failing to adequately pay artists for the use of their…
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EpiPen Maker To Finally Pay $465 Million For Ripping Off US Taxpayers
Photo: Getty EpiPen manufacturer Mylan has been involved in a contentious legal case over its overcharging of the US government. On Thursday, the US Department of Justice finalised its settlement with Mylan, which will pay $US465 ($589) million in penalties. But many believe that’s not enough.