Software Firm to Pay $30 Million in AOL Case
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Veritas Software agreed to pay $30 million to resolve civil fraud charges connected to an improper advertising deal it signed with AOL during the Internet boom's waning days.
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Time Warner, the world&#39;s largest media-entertainment company, says it has agreed to pay a total of $US510 million ($668 million) to resolve federal probes into accounting irregularities at its America Online (AOL) units.
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InfoWorld - Red Hat Inc. has gone scavenging among Netscape&#39;s remains, agreeing Thursday to pay America Online Inc. (AOL) up to &#36;23 million in cash for the assets of Netscape Communications Corp.&#39;s Security Solutions unit.
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LONDON - Time Warner, the world&#39;s largest media company, is to pay out $510m (Â£260.9m) to US authorities following two federal investigations into its internet unit AOL.
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A company which makes software that infiltrates users&#39; computers and demands $30 to be removed has been targeted by US authorities.
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A federal court ordered Stephen Richards, head of worldwide sales at CA Inc.,  to pay $29.7 million in restitution to stockholders for his part in a major fraud scheme at the software company.
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Media giant Time Warner will pay approximately $510 million to settle various fraud charges regarding its America Online (AOL) unit with two US regulatory agencies, the company revealed this morning.
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(InfoWorld) - Three people have sued AOL LLC over the company'sÂ controversial release of member search-engine records, in what their lawyers are billing as the first such lawsuit seeking national class action status. The three AOL members charge the Time Warner Inc. subsidiary with, among other things, privacy violation, false advertising and unjust enrichment. Two unnamed AOL members residing in California, and Kasadore Ramkissoon, who lives in New York, filed their lawsuit on Friday in the U.S. District Court for the Northern District of California. The lawsuit seeks monetary relief for all affected AOL members in the U.S. whose search data was disclosed without consent from January 1, 2004 until the present. The plaintiffs also ask the court to instruct AOL not to store or maintain users' Web search records, and to destroy the Web search records it currently has. The lawsuit stems from AOL's decision to post on its research Web site about 20 million search records from about 658,000 of its members, covering the three-month period between March and May. AOL didn't disclose the names of the members, but it grouped each member's records with a unique number. This made it possible to see what each individual searched for. The data included search queries, as well as Web sites the members clicked on to. When the issue became a privacy scandal in August, AOL apologized and pulled the data from the Web site, but by then the data set had been downloaded multiple times and the records remain available online. The records contain sensitive information like credit card, telephone and Social Security numbers, birth dates, full names and addresses. The New York Times tracked down one of the affected members and, with her permission, interviewed and identified her. The law firm Berman DeValerio Pease Tabacco Burt & Pucillo represents the plaintiffs. A copy of the complaint is posted on theÂ law firm's Web site. The scandal has had significant repercussions within AOL. Its Chief Technology Officer Maureen Govern resigned and two other employeesÂ were fired. Last week, in an e-mail sent to all employees and obtained by IDG News Service, AOL's Chief Executive Officer Jonathan Miller referred to the incident as "the search data debacle" and announced AOL plans to hire, for the first time ever, a chief privacy officer. In the e-mail, Miller outlined a reorganization of AOL's business structure, which will include a unit solely dedicated to what he termed the "protection" of AOL consumers. Last week, in its latest search engine usage study, Nielsen/NetRatings reported that in August, people in the U.S. ran 18.2 percent fewer queries on AOL's search engine, compared with August 2005. Nielsen/NetRatings didn't venture any explanations for the drop, but industry observers have pointed directly at the search data scandal as the culprit. Among the top five search engine providers, AOL was the only one whose usage share shrunk last month. The Electronic Frontier Foundation filed a complaint with the U.S. Federal Trade Commission against AOL in August over the search data release. AOL declined to provide comment for this story. Â
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Maximus, a Reston company that provides consulting services for local and state social service agencies, settled a Medicaid fraud lawsuit with the federal government for $30.5 million yesterday.
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The Robertson Stevens Investments firm agreed to pay $30 million to settled allegations it allowed &quot;excessive&quot; market timing in its mutual funds, New York Attorney General Eliot Spitzer said Wednesday.
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Time Warner is to announce today that it will pay between $500 and $600 million to settle federal investigations into irregularities at America Online, according to reports in the American press.
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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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Time Warner is nearing settlement with the Securities and Exchange Commission and the Justice Department on the accounting scandal in AOL.
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Peer-to-peer site will pay $30 million to settle a copyright infringement lawsuit.
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A federal magistrate has ordered IBM Corp. to reimburse software maker Compuware Corp. for costs relating to evidence that IBM produced only three months before Compuware's lawsuit was scheduled to go to trial.
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AOL has agreed to pay $3 million in fines to the states plus refunds to customers charged for unauthorized services.
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Time Warner is expected to announce a settlement with the Justice Department in its investigation of advertising deals between America Online and smaller Internet companies that may