AOL to Pay $3 Million Settlement Over Cancellation Policy
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AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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Time Warner Inc. agreed yesterday to pay $210 million to settle criminal securities fraud charges brought by the Justice Department against the company's America Online unit. The media giant also is prepared to pay $300 million to end another probe by the Securities and Exchange Commission.
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Averting a looming court battle over how it has handled the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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Time Warner Inc., the world&#39;s biggest media company, agreed to pay $510 million to resolve US investigations into whether its America Online unit improperly booked advertising sales.
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Time Warner Inc. agreed Wednesday to pay $210 million to settle criminal securities fraud charges brought by the Justice Department against the company&#39;s America Online unit.
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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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Time Warner Inc. (TWX.N: Quote, Profile, Research) on Wednesday said it agreed to pay $510 million to the US government to resolve criminal and civil charges linked to its America Online unit.
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WASHINGTON (CBS) America Online has agreed to pay a $210 million fine to settle a Justice Department investigation of securities fraud, a department official tells CBS News.
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SAN FRANCISCO -- Averting a looming court battle over how it has handled the exodus from its Internet dial-up service, AOL has agreed to make it easier for its remaining customers to leave as part of a $3 million settlement with 48 states and the District of Columbia.
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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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(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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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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IBM on Wednesday said it will take a third-quarter charge of $320 million to settle all but two claims of an ongoing lawsuit claiming its pension plan discriminated against older workers, in exchange for capping its potential
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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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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 publishing company merged with AOL.
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Former ImClone Systems Inc. Chief  Executive Sam Waksal has agreed to pay a $3 million fine to  settle charges in the insider trading that put his friend,  style entrepreneur Martha Stewart, in prison last year, U.S.  regulators said on Wednesday
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Workers could be offered pay settlements lasting up to three years