CalSTRS Settles AOL/Time Warner Securities Fraud Suit
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The California State Teachers' Retirement  System today announced a $105 million settlement in a securities fraud  case against AOL Time Warner, its accountants, banks and several former  executives.
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Media company Time Warner Inc. has  agreed to pay the U.S. government $210 million to settle  charges that its America Online unit fraudulently inflated its  revenue figures, court documents showed on Wednesday.
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Verizon Communications Inc said on  Friday it has settled its lawsuit against Internet REIT, a  seller of Internet domain addresses.
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Time Warner Inc. has agreed to pay more than $500 million to settle allegations that its America Online division improperly pumped up revenue and engaged in other unlawful practices before and after the two companies merged.-The Washington Post
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Qwest Communications has agreed to pay $250 million to settle a wide-ranging fraud investigation by the Securities and Exchange Commission, The Associated Press has learned.
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Time Warner agreed to pay $210m (Â£108m) yesterday to settle criminal fraud charges related to its internet service provider America Online.
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The state of Ohio said on Wednesday  that it had reached a $144 million settlement with Time Warner  Inc.  on behalf of six state funds that claimed they  were defrauded after the media conglomerate merged with the  online service AOL.
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Time Warner Inc. has agreed to pay $210 million to settle securities fraud charges involving the company&#39;s America Online unit, law enforcement officials said Wednesday.
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The charges of accounting improprieties at AOL date back to 2000. Some analysts had been expecting Time Warner to pay $500 million to $600 million to settle all of its criminal and civil charges with the Justice
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America Online, the internet division of Time Warner, will be charged with criminal securities fraud but is likely to avoid prosecution under a settlement
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RS Investments, a $6.7 billion money manager based in San Francisco, said Wednesday it had settled US and state allegations of improper trading by agreeing to pay $30 million in fines and reduced management fees.
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Time Warner Inc., the world&#39;s biggest media company, agreed to pay $210 million to settle a US Justice Department probe into whether its America Online unit improperly booked advertising sales.
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Time Warner Inc. has reached a settlement deal with the US Department of Justice (DOJ) concerning accounting issues with its America Online Inc.
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Time Warner Inc. on Wednesday settled criminal securities fraud charges the government leveled on its America Online unit, agreeing to pay $210 million to end the Justice Department&#39;s probe.
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(InfoWorld) - An operation that allegedly installed illegal spyware on computers will give more than US$2 million to settle a U.S. Federal Trade Commission (FTC) complaint. The FTC has obtained a settlement order against Enternet Media Inc., Conspy & Co. Inc., Lida Rohbani, Nima Hakimi and Baback Hakimi, all based in California, the agency announced Wednesday. The defendants distributed software called Search Miracle, Miracle Search, EM Toolbar, EliteBar and Elite Toolbar, the FTC said. In an order issued by Judge Christine Snyder of the U.S District Court for Central California, the defendants are prohibited from interfering with computer use, such as distributing software code that tracks Internet activity, changes browser settings and inserts new advertising toolbars onto browsers. The defendants also are permanently prohibited from making misleading representations regarding the performance, features, and cost, of any software, including misrepresenting that the code is an Internet browser upgrade or other computer security software, music, song, lyric or cell phone ring tone. The Web sites of the defendants and their affiliates caused installation boxes to pop up on consumersâ computer screens, the FTC said in its complaint. In one variation of the scheme, the boxes offered a variety of freeware, including music files, cell phone ring tones, photographs, wallpaper and song lyrics. In another, the boxes warned that consumersâ Internet browsers were defective, and offered free browser upgrades or security patches. Users who downloaded the supposed freeware or security upgrades did not receive what they were promised, Instead, their computers were infected with spyware that interfered with their computers and was difficult to uninstall, the FTC said. The defendants' software tracked Internet activity, changed home-page settings and inserted a large frame onto browser windows that displayed advertisements, the FTC said. At the FTCâs request, the court froze the operationâs assets last fall and ordered it shut down. The settlement requires the defendants to give up just over $2 million of their spyware-related profits and includes a suspended judgment of $8.5 million. The FTC brought the case with assistance from Microsoft Corp., Webroot Software Inc. and Google Inc., the agency said.
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Media giant Time Warner Inc. will pay fines of $210 million under an agreement with the US government to be announced on Wednesday to settle charges that its America
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Bankrupt auto parts maker Delphi Corp  said on Friday it has settled class action lawsuits by shareholders and employees that grew out of financial restatements that were the subject of civil fraud charges the company settled last year.