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Tag: fine

Citigroup fined $30 million for leaking iPhone research

Citigroup is learning the hard way that leaking unpublished research on iPhone production numbers to institutional investors ahead of other investors is wrong. The company has been fined US$30 million for sending that data to SAC Capital, T. Rowe Price, Citadel and GLC Partners ahead of official...

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Path reaches a settlement with the FTC over COPPA violations

Path is paying handsomely for allowing minors under the age of 13 years old to sign up for its service. According to a statement released Friday, Path has settled with the FTC over an alleged violation of the Children's Online Privacy Protections Act (COPPA) involving 3,000 underage accounts....

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Apple faces potential suspension of sales in Italy

Apple is in hot water in Italy over its warranty policy, which does not comply with Italian law. Apple products come with a free one-year warranty that can be extended with the purchase of an AppleCare warranty. Under Italian law, the company is obligated to provide two years of free warranty...

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Apple to pay A$2.25 million fine in Australia for iPad 4G name

Apple may have to pay a stiff penalty in Australia over the use of "4G" in the new iPad's model name. According to a Wall Street Journal report, Apple has agreed to pay a A$2.25 million (US$2.2 million) fine to settle a legal battle it has been fighting with the Australian Competition and...

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WA fines Apple $100k

How did Apple Legal miss this? Under a 1999 law, any company who sells service contracts (think AppleCare) in the state of Washington must register with the Office of the Insurance Commissioner. Apparently, Apple somehow neglected to do this between 2000 and 2004, incurring a fine of $100,000. First...

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