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Google to pay $100 million to settle advertisers' class action

Economic Times

Economic Times · 4m ago

Google to pay $100 million to settle advertisers' class action

Google has agreed to a $100 million settlement to resolve a lawsuit accusing it of overcharging advertisers by not providing promised discounts and charging for out-of-target ad clicks. The class action, filed in 2011 and settled in a San Jose federal court, involved Google's AdWords program. Google denied wrongdoing but settled to resolve issues with outdated ad features. Advertisers using AdWords from 2004 to 2012 are covered under the settlement.

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Google to pay $28 million to settle claims it favoured white and Asian employees

Economic Times

Economic Times · 4m ago

Google to pay $28 million to settle claims it favoured white and Asian employees

Google has agreed to pay $28 million to settle a class action lawsuit alleging it favored white and Asian employees over others by providing higher pay and career advancement. The settlement impacts at least 6,632 employees in California from 2018 to 2024. The lawsuit was led by Ana Cantu, representing Hispanic and Indigenous groups. Google disagrees with the allegations but commits to equitable pay and promotions. Net settlement proceeds are $20.4 million.

Apple reaches $490 million settlement with shareholders over China sales comments

Economic Times

Economic Times · 1y ago

Apple reaches $490 million settlement with shareholders over China sales comments

Apple has agreed to pay $490 million to settle a class-action lawsuit alleging that CEO Tim Cook misled shareholders by hiding a decline in iPhone demand in China. The settlement follows accusations that Apple had downplayed the impact of trade tensions on the company's sales in the Chinese market. The settlement agreement still requires final court approval.

US judge says Google must face some advertisers' antitrust claims, dismisses others

Economic Times

Economic Times · 1y ago

US judge says Google must face some advertisers' antitrust claims, dismisses others

A U.S. judge has ruled that Google must face a proposed class action lawsuit from advertisers alleging that it has a monopoly over the ad exchange market. However, the judge dismissed other antitrust claims related to ad-buying tools used by large advertisers. The decision allows at least one key claim to proceed, stating that the advertisers have plausibly alleged antitrust standing in the ad-exchange market and the market for small advertisers' buying tools. The judge also ruled that Gannett, the largest U.S. newspaper chain, can pursue a separate case alleging that Google fraudulently concealed anticompetitive effects.

Tim Cook's comments about iPhone sales in China just cost Apple $490 million

Business Insider

Business Insider · 1y ago

Tim Cook's comments about iPhone sales in China just cost Apple $490 million

Apple has agreed to pay $490 million to settle a class-action lawsuit filed by shareholders. The lawsuit, lodged in 2019, alleged that Apple's CEO, Tim Cook, made false comments about the company's sales in China during a 2018 earnings call. Cook had stated that China was performing well, but shortly after, Apple reduced its revenue forecast and blamed slumping sales in China. The settlement amount is equivalent to about two days of Apple's net income for 2023. The settlement still needs approval from a US District Judge. Apple denied wrongdoing but chose to settle to avoid prolonged litigation.

Google hit with $314 million US verdict in cellular data class action - The Economic Times

Economic Times

Economic Times · 1m ago

Google hit with $314 million US verdict in cellular data class action - The Economic Times

A California jury ordered Google to pay $314.6 million to Android users for unauthorized data collection while phones were idle. The class action represents 14 million users who alleged data was used without consent, benefiting Google. The company plans to appeal, claiming misunderstanding of vital services. The lawsuit argues data was used for activities like targeted advertising. A similar lawsuit in federal court is set for trial in 2026.

Apple to pay $25 million to settle lawsuit over Family Sharing feature

Economic Times

Economic Times · 1y ago

Apple to pay $25 million to settle lawsuit over Family Sharing feature

Apple has agreed to pay $25 million to settle a class-action lawsuit related to its Family Sharing feature. The lawsuit, filed in 2019, claimed Apple misrepresented the capability of using Family Sharing to share subscriptions to apps. Apple denied any misleading representations but settled the lawsuit, alleging that millions of consumers downloaded subscription-based apps under the impression they were available for Family Sharing, only to find out after payment that they were not. The settlement comes as Apple faces increasing scrutiny over its app store practices and treatment of developers.

Uber pays $178 million to end legal fight with Australian taxi drivers

Economic Times

Economic Times · 1y ago

Uber pays $178 million to end legal fight with Australian taxi drivers

Uber has agreed to pay AUD 272 million ($178 million) to settle a long-standing dispute with Australian taxi and hire car drivers who lost business when the ride-hailing company entered the Australian market. The settlement comes as a class-action lawsuit representing 8,000 drivers was set to go to trial. The drivers and car owners suffered financial losses due to Uber's aggressive entry into the market in 2012, but the company consistently avoided compensating them. Uber claims that rideshare regulations did not exist when they started and that the rise of ridesharing has benefitted the overall transport industry in Australia.

Apple to pay $490 million in lawsuit claiming Tim Cook defrauded shareholders

Livemint

Livemint · 1y ago

Apple to pay $490 million in lawsuit claiming Tim Cook defrauded shareholders

Apple has agreed to pay $490 million to settle a class-action lawsuit accusing CEO Tim Cook of defrauding shareholders. The lawsuit alleged that Apple concealed the declining demand for iPhones in China. Apple's announcement in January 2019 that it would slash its quarterly revenue forecast by up to $9 billion due to US-China trade tensions had caused a significant drop in share prices. The settlement, which still requires approval from the court, will cover investors who bought Apple shares between Cook's comments and the revenue forecast. Apple denies liability but settled to avoid further litigation costs.

Google to pay $350 million to settle shareholders' data privacy lawsuit

Economic Times

Economic Times · 1y ago

Google to pay $350 million to settle shareholders' data privacy lawsuit

Google has agreed to pay $350 million to settle a lawsuit by shareholders over a security bug at its defunct Google+ social media website. The settlement resolves claims that Google concealed a software glitch that exposed users' personal data, causing a drop in Alphabet's market value. The lawsuit covers shareholders from April 2018 to April 2019, and Google denies any wrongdoing. This settlement comes after a separate $7.5 million settlement with Google+ users in 2020.

Judge rejects class action for Google privacy lawsuit

Economic Times

Economic Times · 2m ago

Judge rejects class action for Google privacy lawsuit

A U.S. judge ruled that Google can't face a class action for allegedly collecting data from Chrome users who opted out of syncing their browsers with Google accounts. The court emphasized individual assessment over group litigation, noting that user understanding and consent to Google's policies vary. The dismissed class action cannot be refiled, and the judge rejected collective policy change pursuits. Google welcomed the ruling, citing clear privacy controls with Chrome Sync.

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