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Meta Reaches Settlement With Feds Over Allegedly Discriminatory Real Estate Listings | Robins Kaplan LLP

By on June 22, 2022 0

Back to her. Let’s get to work.

Meta has reached an agreement with federal authorities in which Facebook’s parent company will “adopt new online advertising practices” aimed at resolving allegations that its online advertisements “discriminate against users because of their race, sex and other factors”. Zuck & Co. will also pay a nominal fine under the terms of the agreement – WSJ and Bloomberg and Law360 and NYTimes

New lawsuits filed by Uber and Lyft drivers accuse the ride-sharing companies of “engaging in anti-competitive practices by fixing the prices customers pay and limiting drivers’ ability to choose rides they accept without penalty.” Drivers will test these theories in San Francisco Superior Court, seek class status – NYTimes and Law360

Shares rebounded on Tuesday, “giving investors a break after a recent series of choppy trades that sent equities and cryptocurrencies tumbling.” Don’t expect this to continue – WSJ and MarketWatch and Bloomberg

Cue the hard-landing talk – Bloomberg and Marketplace

After more than a decade of letting small businesses use its email and business apps for free, Google is forcing users of its “G Suite legacy free edition” to start paying monthly fees starting in July. Users are far from thrilled – NYTimes

Cereal giant Kellogg has announced plans to split into three companies, “seeking to revive its larger, faster-growing snacks business while helping its eponymous cereal brands regain a foothold on supermarket shelves.” The three will focus on cereals, snacks and plant-based foods and echo a split made by Kraft a decade ago – WSJ and Marketplace

An existing backlog of some 8 million 2021 returns is severely hampering the IRS’ efforts to reduce this year’s returns, especially those filed on paper. That Means Millions of Paper Returns Filed in 2022 Haven’t Been Impacted Yet – NYTimes

The Federal Trade Commission ‘extended its review’ of NYSE owner Intercontinental Exchange Inc.’s deal to buy housing finance industry data and analytics firm Black Knight Inc. for $16 billion . Extension gives Commission more time to potentially challenge acquisition on antitrust grounds – Law360

Not so good for the Zelle Consortium, with banks consistently refusing to refund ‘customers who inadvertently granted a scammer permission to use their accounts’ and returning money to customers ‘whose money was stolen’ ” via forced transfers. Apart from poor public relations, denials could run afoul of Reg E, which requires banks to “return customers whole if their money is stolen from a consumer account via an electronic payment initiated by another person” – NYTimes

Credit Suisse is very, very unwilling to pay billionaire client Bidzina Ivanishvili the $607 million in damages awarded to her by a Bermudian court in March. Loophole watch, folks. . . -WSJ

Celebrating 20 Years of ‘Lilo & Stitch,’ the Disney Animated Movie That Breakthrough – It’s True – With Its “Realistic Body Types, Cultural Accuracy, and Misunderstood Protagonist” in 2002 – NYTimes

Be careful,

LOL