Consumerinfo.com who does business as Experian Consumer Direct and claims to offer a free credit report has been socked with a $300,000 fine from the Federal Trade Commission for failing to disclose to consumers signed up for their service that they would be enrolled in a credit-monitoring program and charged $79.95.
Microsoft Settles With New Yorkers For $12
Microsoft has settled with the state of New York for $350 million.
Google Settles Click-Fraud Class Action
Search Engine Watch reported that Google has agreed to pay approximately $90million into a fund to settle a click-fraud based class-action suit brought against it by Lanes Gifts and Collectibles.
Former Intermix Chief Settles Up With Spitzer
Intermix founder and former CEO Brad Greenspan settled accounts with New York Attorney General (AG) Eliot Spitzer on Thursday. The fine came to $750,000 based on charges from Spitzer of distributing spyware and adware to millions of computer in New York and across the country.
Sony Settles Spitzer Suit
Sony BMG Music Entertainment agreed to end “payola” schemes and pay $10 million USD to end a year-long investigation.
Enron Settles With Three States and Other Parties
Yesterday, Enron announced that it has reached a settlement agreement with several parties in relation to civil claims regarding natural gas and electricity from 1997-2003.
JP Morgan Follows Citigoup’s Lead And Settles With Enron Investors
J.P. Morgan Chase & Co. is following Citigroup’s lead, agreeing to settle a lawsuit from Enron investors for $2.2 billion. Morgan was accused of having a role in a big accounting fraud scandal at Enron.
Oil Price Update: Settles Below $47 A Barrel
Light sweet crude for the June contract came up short this today settling below $47 and $46.92 a barrel. The prices continued to drop after yesterday’s report from the U.S. Dept of Energy saying U.S. inventories continued to climb for 13 of the last 14 weeks.
Westar Energy Settles Shareholder Suits
Westar Energy has reached an agreement in principle to settle pending shareholder securities class action and shareholder derivative lawsuits related to actions that occurred under former management.
Microsoft Settles With Gateway For $150 Million
Microsoft has reached an agreement with Gateway to resolve legal issues between the two companies.