Match Group stock tumbled as much as 9% after the Federal Trade Commission announced a lawsuit alleging the company used fake love-interest ads to lure consumers into buying subscriptions. Consumers purchasing Match.com subscriptions “generally were unaware” that as many as 25% to 30% of members were using the platform for scams, the FTC said Wednesday. Watch Match trade live here. Tinder- …
Chip maker Qualcomm has been having a rough couple of months, not only getting sued by Apple — one of its largest customers — for unfair licensing costs, but also being accused of anti-competitive tactics by the Federal Trade Commission. In the case of the latter, now some of Qualcomm’s biggest rivals have chimed in, offering statements to the FTC in support of their monopoly accusations. Back …
U.S. government claims that AT&T Mobility illegally slowed down or “throttled” data sent to wireless devices will be reheard, a U.S. appeals court in California said on Tuesday after it dismissed the case last year. The 9th U.S. Circuit Court of Appeals said in an order that it would reconsider the “data throttling” case before the full or “en-banc” 11-judge panel.
AT&T wireless customers are asking a federal appeals court to revive their class-action lawsuit alleging that the company advertised “unlimited data,” only to throttle users who exceeded a monthly cap. The lawsuit was sent to arbitration last year, after U.S. District Court Judge Edward Chen in the Northern District of California found that AT&T’s terms of service required arbitration of …
The Federal Trade Commission’s two-year probe of Qualcomm has led to the government filing suit against the California-based company, accusing executives of employing “onerous” tactics allowing it to “maintain a monopoly on baseband processors.” Since then, the semiconductor manufacturer has been slapped with at least two putative class action complaints filed …
Uber settled a lawsuit filed by the Federal Trade Commission today for $20 million. The lawsuit alleged that the ride-hailing app recruited drivers by misleading them about the amount of money they could earn through the app and the auto financing deals they could get through Uber’s Vehicle Solutions Program. The lawsuit claims that Uber made “false, misleading, or unsubstantiated claims …
The Federal Trade Commission announced an antitrust lawsuit against semiconductor manufacturer Qualcomm Inc. The suit , filed Tuesday in California, charges Qualcomm with tactics meant to maintain its monopoly in certain baseband processors a key element of mobile cellular devices and to “impose onerous and anticompetitive supply and licensing terms on cell phone …
The U.S. Federal Trade Commission launched a lawsuit against Qualcomm on Tuesday, accusing the company of forcing Apple into an exclusive deal to buy its baseband chips. When Apple sought to lower the patent royalties it was paying Qualcomm, the latter firm made that conditional on Apple buying Qualcomm chips exclusively between 2011 and 2016, according to an FTC filing seen by Bloomberg . The iPhone 7 and 7 Plus still use Qualcomm chips in some configurations, while others are now based on Intel modems. Bloomberg did not initially offer any other details on the suit. The FTC has been investigating Qualcomm since 2014, concerned …
DeVry University will pay $100 million to settle a lawsuit that alleged its ads misled prospective students, the Federal Trade Commission said Thursday. The money will go back to tens of thousands of students that attended DeVry between 2008 and 2015. Some will be reimbursed with cash and others will receive debt relief.
A federal appellate court in California has agreed to decide whether consumers can proceed with a class-action lawsuit against AT&T over the company’s data-throttling practices. The 9th Circuit Court of Appeals announced on Thursday that it would hear the consumers’ appeal of a trial judge’s decision to send the case to arbitration. The legal dispute dates to 2014, when three California …