250m

Notices Apr 30, 2019

Alibaba Pays $250M to Settle Lawsuit Over Failure to Disclose Counterfeit Claims

Alibaba Group Holding Ltd. has agreed to pay $250 million to settle a lawsuit that claimed the e-commerce giant had failed to disclose meetings with the Chinese government regarding alleged counterfeit products before it went public. The class-action settlement’s terms named Alibaba and executives including co-founders Jack Ma and Joe Tsai, who denied all allegations of wrongdoing. It was …

Notices Mar 1, 2016

News Corp Settles Class Action Lawsuit Over In-Store Promotions Monopoly

News Corp has reached a $250m settlement in a class action lawsuit brought against it by several major consumer brands who accused the company of monopolistic practices and overcharging for in-store advertising in the US. Dial Corp and Kraft Heinz led the class action lawsuit which represented over 500 companies who claimed News Corp’s marketing division, News America Marketing, had been using …