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Apple pays USD 500 mln to settle California class action lawsuit for slowing iPhones
2020-03-03 09:16:00| Telecompaper Headlines
(Telecompaper) Apple will pay up to USD 500 million to settle a case in the US, where consumers accused the company in a class action lawsuit of intentionally slowing down their older iPhones, Reuters reported. The preliminary settlement still requires approval by the US district judge in San Jose, California. It calls for Apple to pay plaintiffs USD 25 per phone, a number which may be adjusted up or down depending on how many iPhones are eligible, with a minimum payment of USD 310 million. Apple denied the accusations but settled the nationwide case to avoid the burdens and costs of litigation, court papers show.
Tags: action
class
california
pays
Diageo pays US$5m to settle SEC sales-boosting charge
2020-02-20 17:50:00| Daily beverage news and comment - from just-drinks.com
Diageo has said it is "pleased" to have settled a charge from the US Securities and Exchange Commission that it hit performance targets by pressuring North American distributors to take extra stock.
Airbus reaches deal to settle corruption probe
2020-01-28 08:30:04| BBC News | Business | UK Edition
Reports say the aircraft maker could end up paying fines of more than 2.5bn.
Tags: deal
probe
reaches
settle
John Stumpf: Ex-Wells Fargo boss pays $17.5m to settle charges
2020-01-24 03:11:23| BBC News | Business | UK Edition
John Stumpf has also been banned from working for US national banks after a fake accounts scandal.
US retail imports to settle after year of tariff surges
2020-01-10 15:38:00| Daily apparel & textile news and comment - from just-style.com
After a year of fluctuations driven by the uncertainty of the trade war with China, volume at major US retail container ports is expected to return to its usual seasonal patterns during the first few months of 2020.
Tags: year
retail
imports
settle
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