The Justice Department announced that it has filed a proposed stipulated order that, if entered by the court, will resolve a case against Adobe (ADBE) and two of its employees, Maninder Sawhney and David Wadhwani. The proposed order requires Adobe to pay $75M in civil penalties and offer customers $75M in free services to resolve allegations that the company’s subscription practices violated the Restore Online Shoppers’ Confidence Act.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADBE:
- Adobe Stock (ADBE) Is Down Today Despite Q1 Beat – Here’s Why Barclays Is Cautious
- Morning News Wrap-Up 3/13/26: Friday’s Biggest Stock Market Stories!
- Midday Fly By: Adobe CEO to step down, Meta delays ‘Avocado’ AI model launch
- Analysts Identify Why Adobe (ADBE) Stock Is Down despite Strong Q1 Results
- Adobe Lawsuit: $75M Settlement Set to End Years-Long Federal Probe