- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2022-11-15T21:26:00
Google agreed to pay $391.5 million to settle charges it misled millions of users regarding a setting that tracked location data without their knowledge, according to an agreement the company reached with a coalition of 40 state attorneys general announced Monday.
The monetary total represents the largest attorney general-led consumer privacy settlement in U.S. history, according to press releases from the Oregon and Nebraska attorneys general, who led the coalition.
The states launched a probe into Google’s location data collection and practices following an Associated Press report in 2018 that found the search engine giant continued to track people’s location data even after they opted out.
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Google agreed to pay $93 million as part of a settlement with the state of California regarding its location data privacy practices. The agreement is separate from a related $391.5 million settlement Google previously reached with a coalition of other states.
Google reached a first-of-its-kind settlement with the Department of Justice requiring the tech giant to hire an outside compliance expert and overhaul its legal compliance process.
Google was ordered to pay 60 million Australian dollars (U.S. $42 million) to resolve charges levied by Australia’s competition regulator it misled its Australian customers about how to opt out from the collection of their personal location data.
Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
