Posts Tagged ‘Fines’
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Apple will pay up to $500 million to settle lawsuit over slowing down older iPhones

Apple will pay up to half a billion dollars to settle a class action lawsuit accusing it of slowing down older iPhone models to compel users to buy new ones. The proposed settlement agreement requires Apple (AAPL) to pay the owners of certain iPhone models $25 per affected device, totaling a minimum of $310 million and a maximum of $500 […]

Johnson & Johnson ordered to pay man $8bn over breast growth

US drug firm Johnson & Johnson has been told to pay $8bn (£6.6bn) in punitive damages to a man over claims he was not warned that an antipsychotic drug could lead to breast growth. A Philadelphia jury made the award to Nicholas Murray, 26, whose case was one of thousands pending in the state. His […]

UBA Fined $15 Million As Buhari’s Axe Falls Again

NIGERIA is continuing to show signs that it is being led by a President Muhammadu Buhari who was elected to power on the reputation of a disciplinarian and no-nonsense leader. In the latest revelation, United Bank for Africa Plc, the lender operating in 19 countries on the continent, was penalised by the Central Bank of […]