Apple to Pay $32.5M to Settle FTC Suit Over App Purchases
Jan 15, 2014, 12:43 PM by Eric M. Zeman
Apple today indicated that it has agreed to settle a lawsuit filed by the U.S Federal Trade Commission regarding in-app purchases made by children. The details, shared with Apple employees in an email from CEO Tim Cook, indicate that Apple will pay the FTC $32.5 million to drop the lawsuit. Apple already settled a class-action lawsuit filed by consumers whose children unknowingly rang up hundreds of dollars of in-app purchases. Apple has since altered its in-app purchase polices and is in the process of reimbursing some 37,000 claimants in the original case. Cook felt the FTC's follow-up lawsuit was unfair and smacked of double-jeopardy, but settled anyway to avoid "a long and distracting legal fight."
Jul 1, 2020
T-Mobile US and Dish Network today announced that they have completed the previously-announced sale of Boost, the prepaid arm of Sprint. Dish now owns the Boost brand and takes responsibility for its 9.3 million customer accounts, hundreds of employees, and thousands of independent retailers.
Mar 30, 2021
The US Federal Trade Commission has decided not to appeal its antitrust case against Qualcomm to the US Supreme Court, effectively ending the matter in Qualcomm's favor. The FTC sued in 2017, claiming that the way Qualcomm links the sales of baseband processors with patent licensing amounts to anticompetitive behavior and unfair business practices.
Dec 2, 2021
The US Federal Trade Commission (FTC) is taking action to block the proposed acquisition of Arm by Nvidia. Arm designs chip architectures used throughout mobile and computing industries.
May 27, 2020
This summer, Samsung will launch Samsung Money by SoFi, a new financial product integrated with Samsung Pay. Like Apple Card, Samsung Money can be used as a payment method with the wallet app (Samsung Pay), the account is managed within the wallet app, and the product also includes a physical payment card.
Aug 13, 2020
Epic Games, the maker of popular battle royale game Fortnite, has filed suit against Apple and Google for anti-competitive and monopolistic behavior related to their app store policies. Epic is challenging the companies' monopolies on both app purchases and in-app purchases on their respective mobile platforms, and their 30% cut of such purchases.
WELL SINCE they got their check book out???
"Enjoy your chump change"
- Tim Cook