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Optus penalised $10 million for misleading customers over digital purchases
OptusWednesday February 6, 2019 6:05AM ET
The Federal Court in Australia has ordered Optus pay a $10 million penalty for its treatment of customers who unknowingly purchased games, ringtones and other digital content through its third-party billing service, following action by the ACCC.
Leaders of alumina plant responsible for Hungary's worst ecological accident sentenced
MAL alumina plantTuesday February 5, 2019 4:51AM ET
The two main leaders of the MAL alumina plant responsible for Hungary\'s worst ecological accident, the red mud spill of 2010, were given jail sentences.
CFTC charges proprietary trader with spoofing in soybean futures markets
soybeanFriday February 1, 2019 8:25AM ET
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Kevin Crepeau, of Chicago, Illinois, a trader at a proprietary trading firm, for engaging in spoofing in the Chicago Mercantile Exchange (CME) soybeans futures market.
Bundeskartellamt imposes fine on bicycle wholesaler ZEG for vertical price-fixing
ZEGFriday February 1, 2019 6:15AM ET
The Bundeskartellamt has imposed fines totalling around 13.4 million euros on the bicycle wholesaler ZEG Zweirad-Einkaufs-Genossenschaft eG (ZEG), Cologne, and its representatives for fixing prices with 47 bicycle retailers. The proceeding was triggered by a tip-off from the trade.
Sunoco Pipeline to pay more than $5.4 million and take oil-spill prevention steps
Sunoco PipelineThursday January 31, 2019 6:06AM ET
In the latest joint federal-state Clean Water Act enforcement action, Sunoco Pipeline has agreed to pay civil penalties and state enforcement costs and to implement corrective measures to resolve alleged violations of the Clean Water Act and state environmental laws by Sunoco and Mid-Valley Pipeline Company stemming from three crude oil spills in 2013, 2014, and 2015, in Texas, Louisiana, and Oklahoma.
Court orders $1 billion judgment against operators of Woodbridge Ponzi scheme
Woodbridge GroupTuesday January 29, 2019 3:34PM ET
The Securities and Exchange Commission announced that a federal court in Florida ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors.
46 AGs reach settlement with Johnson & Johnson on metal-on-metal hip implant devices
Johnson & JohnsonFriday January 25, 2019 7:02AM ET
Attorney General Kwame Raoul joined with 45 other attorneys general to announce a $120 million settlement with Johnson & Johnson and Medical Device Business, formerly known as DePuy, to resolve allegations that DePuy unlawfully promoted its metal-on-metal hip implant devices, the ASR XL and the Pinnacle Ultamet.
Veolia fined £1m after employee run over by bin lorry
VeoliaFriday January 25, 2019 6:52AM ET
Canterbury Crown Court heard how, on 18 October 2013, Veolia ES (UK) Limited’s employee Mr John Head suffered fatal injuries when he was run over by a reversing refuse collection vehicle (RCV) whilst he was walking across the yard, at the Ross Depot Waste Transfer Station in Folkestone. He was pronounced dead at the scene.
Thames Water to pay £80,000 after sewer blunder
Thames WaterWednesday January 23, 2019 5:24AM ET
A pollution incident in south-east London has left Thames Water handing over 10s of thousands of pounds to an environmental charity.
EC fines Mastercard €570m for obstructing merchants' access to cross-border services
MastercardTuesday January 22, 2019 7:34AM ET
The European Commission has fined the card scheme Mastercard €570 566 000 for limiting the possibility for merchants to benefit from better conditions offered by banks established elsewhere in the Single Market, in breach of EU antitrust rules.
Creditors demand $500 million from former FIFA World Cup’s IT contractor
Asteros companyTuesday January 22, 2019 6:26AM ET
Lenders including companies and individuals have filed claims with the Moscow Commercial Court seeking to add a debt of Asteros company, an IT contractor for the FIFA 2018 World Cup in Russia, totaling to 33 billion rubles (about $500 million), to the list of creditors\' claims, a temporary manager of the debtor has said in court.
Ultra Tune to pay $2.6 million penalty
Ultra TuneTuesday January 22, 2019 4:55AM ET
The Federal Court has imposed a $2,604,000 penalty against Ultra Tune Australia for breaching both the Franchising Code of Conduct and the Australian Consumer Law (ACL).
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