Yahoo has settled a lawsuit filed by Checkmate Strategic Group which alleged that the search firm provided insufficient protection against click fraud.
Under the terms of the settlement Yahoo will pay roughly $5m to offset Checkmate’s legal fees, and has promised to look at its advertising terms and conditions.
Click fraud involves individuals using scripts or manually clicking on pay-per-click advertisements for financial gain
Bankrupt cable TV operator Adelphia Communications Corp. sued Motorola Inc. this week for more than $1 billion, alleging that the Schaumburg-based company assisted in the fraud that led to Adelphia’s collapse in 2002
One of Japan’s leading financiers has been charged with insider trading in relation to share deals involving internet business Livedoor.
Prosecutors have indicted Yoshiaki Murakami, who is currently under arrest, after pursuing a criminal complaint from stock market regulators.
Mr Murakami has admitted he was guilty of insider trading when buying shares in Nippon Broadcasting System in 2005
BUENOS AIRES (MarketWatch) — In what could be one of the biggest fraud cases in Argentine history, French retailer Carrefour SA (12017.FR) has alleged in a series of lawsuits that accounting firm PriceWaterhouseCoopers and one of its most high-profile Argentine clients conspired to defraud it in the sale of a local supermarket chain.
Carrefour has claimed in four separate criminal and civil suits that the directors of Norte Supermarkets former owner, Argentine investment firm Exxel Group, instructed their accountants at the chain to inflate the company’s earnings before interest, tax, depreciation and amortization
The fast food chain KFC is being sued in the US in a bid to stop it cooking fried chicken in partially hydrogenated oil containing trans fatty acids.
The fats have been linked to raised cholesterol and a subsequent increased risk of heart disease.
The case is being brought by the consumer group Centre for Science in the Public Interest, which says KFC could use healthier cooking products
The chairman of Hyundai admitted to his role in setting up slush funds allegedly used to bribe politicians as the scandal surrounding the South Korean car maker claimed more victims.
“I admit my guilt, to a certain extent,” said Chung Mong-koo during his second appearance at his embezzlement trial.
However he was unable to help prosecutors further, replying to several detailed questions about the fund by claiming, “I don’t remember
US officials have accused ING Groep of failing to properly disclose fees it earned running a $180m (£98m) New Hampshire state retirement fund.
Regulators say the Dutch bank did not disclose conflicts of interest that may have affected investment choices.
The company denies the charges and said it was cooperating with authorities
British oil company BP could face a criminal investigation in the US over a massive oil spill in Alaska in March.
The Financial Times newspaper has obtained internal emails which show it is under investigation by a grand jury.
The emails reveal BP has been ordered to hand over a number of documents and other data relating to the leak thought to be caused by a corroded pipe
One of Austria’s biggest banks, Bank Fuer Arbeit und Wirtschaft (Bawag), is to pay $675m (£361m) to settle claims it helped a US brokerage commit fraud.
US authorities said the large payment was related to its dealings with the now defunct brokerage Refco.
As part of the deal Bawag admitted helping hide bad debt at Refco
Manufacturer United Technologies will pay the US Department of Defense $283m (£152m) after a probe into its handing of contracts over 20 years.
The US company’s Pratt & Witney jet engine unit is settling a claim for work over-charged through its accounting system.
United said the bill was larger than anticipated, but would have little impact on its 2006 financial results