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		<title>TikTok agrees to settle social media addiction trial involving Meta, YouTube moves forward</title>
		<link>https://lsd.hu/tiktok-agrees-to-settle-social-media-addiction-trial-involving-meta-youtube-moves-forward/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Tue, 27 Jan 2026 17:14:52 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/tiktok-agrees-to-settle-social-media-addiction-trial-involving-meta-youtube-moves-forward/</guid>

					<description><![CDATA[Thomas Fuller &#124; Lightrocket &#124; Getty Images TikTok has agreed to settle with a plaintiff and will no longer be part of a high-profile social media kicking off on Tuesday. An attorney for the plaintiff said the trial, held in Los Angeles Superior Court, will proceed as scheduled against Meta and Alphabet&#8217;s YouTube. The trial [&#8230;]]]></description>
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<p>Thomas Fuller | Lightrocket | Getty Images</p>
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<p>TikTok has agreed to settle with a plaintiff and will no longer be part of a high-profile social media kicking off on Tuesday.</p>
<p>An attorney for the plaintiff said the trial, held in Los Angeles Superior Court, will proceed as scheduled against <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Meta<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Alphabet&#8217;s<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> YouTube.</p>
<p>The trial is the first of multiple major legal cases against social media companies in 2026 that have drawn comparisons to lawsuits brought against &#8216;Big Tobacco&#8217; in the 1990s.</p>
<p>&#8220;This is a good resolution, and we are pleased with the settlement,&#8221; Mark Lanier, an attorney representing the plaintiff said in a statement. &#8220;Our focus has now turned to the Meta and YouTube for this trial.&#8221;</p>
<p>Last week <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">Snap<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, the parent company of the Snapchat social media app, reached an agreement to settle with the plaintiff. </p>
<p><strong>This is breaking news. Please refresh for updates.</strong></p>
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		<title>Instacart to pay $60 million to settle FTC claims it deceived customers</title>
		<link>https://lsd.hu/instacart-to-pay-60-million-to-settle-ftc-claims-it-deceived-customers/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Thu, 18 Dec 2025 22:28:28 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/instacart-to-pay-60-million-to-settle-ftc-claims-it-deceived-customers/</guid>

					<description><![CDATA[Pavlo Gonchar &#124; SOPA Images &#124; Lightrocket &#124; Getty Images Instacart will pay $60 million to settle allegations by the Federal Trade Commission that it misled users with false advertising and deployed &#8220;unlawful subscription enrollment&#8221; practices. The federal agency alleged that Instacart used deceptive tactics in its subscription sign-up and &#8220;satisfaction guarantee&#8221; advertising that caused [&#8230;]]]></description>
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<p>Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images</p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Instacart<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> will pay <a href="https://www.ftc.gov/news-events/news/press-releases/2025/12/instacart-pay-60-million-consumer-refunds-settle-ftc-lawsuit-over-allegations-it-engaged-deceptive" target="_blank" rel="noopener">$60 million</a> to settle allegations by the Federal Trade Commission that it misled users with false advertising and deployed &#8220;unlawful subscription enrollment&#8221; practices.</p>
<p>The federal agency <a href="https://www.ftc.gov/system/files/ftc_gov/pdf/Instacart-Complaint.pdf" target="_blank" rel="noopener">alleged</a> that Instacart used deceptive tactics in its subscription sign-up and &#8220;satisfaction guarantee&#8221; advertising that caused consumers to pay more in fees, and prevented them from securing refunds.</p>
<p>For example, the FTC said Instacart falsely dangled promises of &#8220;free delivery&#8221; to consumers on their first order, while shoppers were still required to pay a mandatory service fee to get their groceries delivered.</p>
<p>The FTC also said that Instacart falsely advertised full refunds for users who had problems with their order.</p>
<p>&#8220;Instacart misled consumers by advertising free delivery services — and then charging consumers to have groceries delivered — and failing to disclose to consumers that signed up for a free trial that they would be automatically enrolled into its subscription program,&#8221; Christopher Mufarrige, director of the FTC&#8217;s Bureau of Consumer Protection, said in a statement.</p>
<p>In <a href="https://www.instacart.com/company/updates/how-instacart-goes-above-and-beyond-for-customers-simplicity-transparency-and-billions-in-savings" target="_blank" rel="noopener">a blog post</a>, Instacart acknowledged the FTC settlement but denied &#8220;any allegations of wrongdoing by the agency.&#8221;</p>
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<p>The grocery delivery platform said it uses &#8220;straightforward marketing, transparent pricing and fees, clear terms, easy cancellation and generous refund policies&#8221; that comply with the law.</p>
<p>&#8220;This settlement allows us to move forward and remain focused on what&#8217;s important to our company: delivering value for customers, shoppers and retail and brand partners in the communities we serve,&#8221; an Instacart spokesperson said.</p>
<p>The move comes as Instacart reportedly faces a separate probe by the FTC into its pricing practices. </p>
<p>The probe was launched after a wide-ranging study was released last week showing that its algorithmic pricing tools caused shoppers to pay different prices for identical items from the same store.</p>
<p>News of the FTC probe sent Instacart shares lower by about 7% in extended trading on Wednesday. The stock closed down more than 1% on Thursday.</p>
<p>The FTC has recently <a href="https://www.ftc.gov/business-guidance/resources/rule-unfair-or-deceptive-fees-frequently-asked-questions" target="_blank" rel="noopener">ramped its scrutiny</a> of companies alleged to be using deceptive billing and enrollment schemes.</p>
<p>It sued <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-10">Uber<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> in April, claiming the ride-hail provider charged users for Uber One subscriptions without their consent. On Monday, 21 states joined the agency&#8217;s lawsuit as part of an amended complaint.</p>
<p>In September, the agency sued <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-12">Live Nation<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and Ticketmaster for allegedly using <a href="https://www.ftc.gov/news-events/news/press-releases/2025/09/ftc-sues-live-nation-ticketmaster-engaging-illegal-ticket-resale-tactics-deceiving-artists-consumers" target="_blank" rel="noopener">bait-and-switch</a> pricing tactics and illegally coordinating with ticket brokers.</p>
<p>Earlier this month, the FTC <a href="https://www.ftc.gov/news-events/news/press-releases/2025/12/ftc-sends-more-276-million-consumers-harmed-unauthorized-billing-schemes" target="_blank" rel="noopener">said</a> it was sending more than $27.6 million to consumers who were unknowingly enrolled in and charged for plans that shipped them products marketed to promote weight loss, clear skin and other health-care benefits.</p>
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		<title>Two former Brightcom Group officials settle with Sebi in financial reporting case</title>
		<link>https://lsd.hu/two-former-brightcom-group-officials-settle-with-sebi-in-financial-reporting-case/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Tue, 09 Dec 2025 17:04:24 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/two-former-brightcom-group-officials-settle-with-sebi-in-financial-reporting-case/</guid>

					<description><![CDATA[Two former officials of Brightcom Group have settled proceedings with markets regulator Sebi after they agreed to pay settlement amounts and accept temporary restrictions on their association with the company. The case relates to alleged disclosure failures and irregularities in the company&#8217;s financial statements between FY15 and FY20. Sebi had begun investigating Brightcom Group following [&#8230;]]]></description>
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<div data-brcount="10">Two former officials of Brightcom Group have settled proceedings with markets regulator Sebi after they agreed to pay settlement amounts and accept temporary restrictions on their association with the company. The case relates to alleged disclosure failures and irregularities in the company&#8217;s financial statements between FY15 and FY20.</p>
<p>Sebi had begun investigating Brightcom Group following complaints received between October 2020 and March 2021 alleging misstatements and irregularities in the company’s accounts. The probe focused on a six-year period and examined possible violations.</p>
<p>Following the investigation, a show-cause notice was issued in September 2024 to multiple individuals, including compliance officer M Manohar and independent director M Vijaya Bhasker Reddy. Sebi alleged that Manohar failed to disclose the initiation of a forensic audit and did not ensure accurate shareholding disclosures during his tenure. Reddy, as a member of the company’s audit committee, was accused of failing to ensure that financial statements complied with accounting standards and presented a true and fair view of the firm’s affairs.</p>
<p>Both applicants filed for settlement while the proceedings were pending. After meetings with Sebi&#8217;s internal committee and recommendations from the high powered advisory committee, the regulator approved the terms.</p>
<p>Under the settlement terms, each applicant will pay Rs 12.35 lakh. Manohar has also agreed not to associate with Brightcom Group or its subsidiaries for one year, while Reddy faces a two-year bar. Sebi confirmed that the penalties have been paid in full.</p>
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<p>Sebi has disposed of the proceedings initiated through the 2024 show-cause notice. However, the order states that the regulator may reopen enforcement action if any misrepresentation or breach of settlement conditions is later discovered. The settlement order comes into immediate effect.</div>
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		<title>Indias Adani Power opts for arbitration to settle payment dispute with Bangladesh</title>
		<link>https://lsd.hu/indias-adani-power-opts-for-arbitration-to-settle-payment-dispute-with-bangladesh/</link>
		
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		<pubDate>Mon, 03 Nov 2025 16:19:05 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/indias-adani-power-opts-for-arbitration-to-settle-payment-dispute-with-bangladesh/</guid>

					<description><![CDATA[India’s Adani Power said on Monday it has opted for an international arbitration process to resolve disputes over Bangladesh’s power supply payments. The company led by Indian billionaire Gautam Adani has been at loggerheads with Bangladesh Power Development Board over pending payments for the electricity it supplies as part of a pact that both sides [&#8230;]]]></description>
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<p>India’s Adani Power said on Monday it has opted for an international arbitration process to resolve disputes over Bangladesh’s power supply payments.</p>
<p>The company led by Indian billionaire Gautam Adani has been at loggerheads with Bangladesh Power Development Board over pending payments for the electricity it supplies as part of a pact that both sides had signed in 2017.</p>
<p>“There are disagreements in the way certain cost elements are calculated and billed. Hence, both partners have agreed to invoke the dispute resolution process and are confident of a quick, smooth and mutually beneficial resolution,” an Adani Group spokesperson said in a statement.</p>
<p>However, Bangladesh’s de-facto power minister Muhammad Fouzul Kabir Khan told Reuters that negotiations are still on. “Once that process is over, we will move toward international arbitration, if needed,” he said.</p>
<p>Adani Power supplies electricity from its coal-fired 1,600 megawatt Godda power plant in eastern India, which meets nearly a tenth of Bangladesh’s power needs.</p>
<p>Bangladesh’s interim government had accused Adani of breaching the power purchase agreement by withholding tax benefits that the Godda plant got from India, Reuters reported in December.</p>
<p>Bangladesh paid Adani a tariff of 14.87 taka ($0.1220) per unit during the fiscal year to June 30, 2024, higher than an average of 9.57 taka for power supplied by other Indian companies.</p>
<p>Adani Power had last week said its power dues from Bangladesh had narrowed significantly to equivalent of 15 days of tariff, down from about $900 million in May, and nearly $2 billion early this year.</p>
<p>“Adani Power reaffirms its commitment to the PPA (power purchase agreement) and will continue to support Bangladesh by supplying reliable, cost-competitive and high-quality power,” the company said on Monday.</p>
<p><strong>Source: Reuters</strong></p>
<p><em>&#8211; Agencies</em></p>
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		<title>YouTube agrees to pay Trump $24.5 Million to settle lawsuit over suspended account</title>
		<link>https://lsd.hu/youtube-agrees-to-pay-trump-24-5-million-to-settle-lawsuit-over-suspended-account/</link>
		
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		<pubDate>Tue, 30 Sep 2025 01:52:04 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/youtube-agrees-to-pay-trump-24-5-million-to-settle-lawsuit-over-suspended-account/</guid>

					<description><![CDATA[U.S. President Donald Trump reacts, as he arrives at Joint Base Andrews, Maryland, U.S., September 26, 2025. Elizabeth Frantz &#124; Reuters YouTube has agreed to pay $24.5 million to settle a lawsuit involving the suspension of President Donald Trump&#8217;s account following the U.S. Capitol riots on Jan. 6, 2021. The settlement &#8220;shall not constitute an [&#8230;]]]></description>
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<p>U.S. President Donald Trump reacts, as he arrives at Joint Base Andrews, Maryland, U.S., September 26, 2025. </p>
<p>Elizabeth Frantz | Reuters</p>
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<p>YouTube has agreed to pay $24.5 million to settle a lawsuit involving the suspension of President Donald Trump&#8217;s account following the U.S. Capitol riots on Jan. 6, 2021.</p>
<p>The settlement &#8220;shall not constitute an admission of liability or fault,&#8221; on behalf of the defendants or related parties, according to a filing on Monday from the U.S. District Court for the Northern District of California.</p>
<p>Trump sued YouTube, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Facebook<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> and Twitter in mid-2021, after the companies <a href="https://x.com/UpdatesFromYT/status/1349205688694812672?s=20" target="_blank">suspended</a> his accounts on their platforms over concerns related to the incitement of violence.</p>
<p>Since Trump won a second term in November and returned to the White House in January, the tech companies have been settling their disputes with the president. Facebook-parent Meta said in January that it would pay $25 million to settle its lawsuit with Trump. The following month, Elon Musk&#8217;s X, formerly Twitter, agreed to settle its Trump-related case for roughly $10 million.</p>
<p>In August, several Democratic senators, including Elizabeth Warren of Massachusetts, sent a letter to Google CEO Sundar Pichai and YouTube CEO Neal Mohan expressing their concern over a possible settlement with the president.</p>
<p>The senators said in the letter that they worried such an action would be part of a &#8220;quid-pro-quo arrangement to avoid full accountability for violating federal competition, consumer protection, and labor laws, circumstances that could result in the company running afoul of federal bribery laws.&#8221;</p>
<p><strong>WATCH</strong>: President Trump signs TikTok deal.</p>
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		<title>Anthropic agrees to pay $1.5 billion to settle authors&#8217; copyright lawsuit</title>
		<link>https://lsd.hu/anthropic-agrees-to-pay-1-5-billion-to-settle-authors-copyright-lawsuit/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sat, 06 Sep 2025 14:41:22 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/anthropic-agrees-to-pay-1-5-billion-to-settle-authors-copyright-lawsuit/</guid>

					<description><![CDATA[Anthropic has agreed to pay at least $1.5 billion to settle a class action lawsuit with a group of authors, who claimed the artificial intelligence startup had illegally accessed their books. The company will pay roughly $3,000 per book plus interest, and agreed to destroy the datasets containing the allegedly pirated material, according to a [&#8230;]]]></description>
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<p>Anthropic has agreed to pay at least $1.5 billion to settle a class action lawsuit with a group of authors, who claimed the artificial intelligence startup had illegally accessed their books.</p>
<p>The company will pay roughly $3,000 per book plus interest, and agreed to destroy the datasets containing the allegedly pirated material, according to a filing on Friday.</p>
<p>The lawsuit against Anthropic has been closely watched by AI startups and media companies that have been trying to determine what copyright infringement means in the AI era. If Anthropic&#8217;s settlement is approved, it will be the largest publicly reported copyright recovery in history, according to the filing.</p>
<p>&#8220;This settlement sends a powerful message to AI companies and creators alike that taking copyrighted works from these pirate websites is wrong,&#8221; Justin Nelson, the attorney for the plaintiffs, told CNBC in a statement.</p>
<p>Anthropic did not immediately respond to CNBC&#8217;s request for comment.</p>
<p>The lawsuit, filed in the U.S. District Court for the Northern District of California, was brought last year by authors Andrea Bartz, Charles Graeber and Kirk Wallace Johnson. The suit alleged that Anthropic had carried out &#8220;largescale copyright infringement by downloading and commercially exploiting books that it obtained from allegedly pirated datasets,&#8221; the filing said.</p>
<p>In June, a judge ruled that Anthropic&#8217;s use of books to train its AI models was &#8220;fair use,&#8221; but ordered a trial to assess whether the company infringed on copyright by obtaining works from the databases Library Genesis and Pirate Library Mirror. The case was slated to proceed to trial in December, according to Friday&#8217;s filing.</p>
<p>Earlier this week, Anthropic said it closed a $13 billion funding round that valued the company at $183 billion. The financing was led by Iconiq, Fidelity Management and Lightspeed Venture Partners.</p>
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		<title>Shaquille O’Neal to pay $1.8 million to settle FTX investor lawsuit</title>
		<link>https://lsd.hu/shaquille-oneal-to-pay-1-8-million-to-settle-ftx-investor-lawsuit/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Fri, 13 Jun 2025 06:35:54 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/shaquille-oneal-to-pay-1-8-million-to-settle-ftx-investor-lawsuit/</guid>

					<description><![CDATA[Shaquille O&#8217;Neal sits on the bench before the game between the Indiana Pacers and the New York Knicks during Game 2 of the 2025 Eastern Conference Finals at Madison Square Garden in New York City, New York, on May 23, 2025. Jesse D. Garrabrant &#124; National Basketball Association &#124; Getty Images Shaquille O&#8217;Neal has agreed [&#8230;]]]></description>
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<p>Shaquille O&#8217;Neal sits on the bench before the game between the Indiana Pacers and the New York Knicks during Game 2 of the 2025 Eastern Conference Finals at Madison Square Garden in New York City, New York, on May 23, 2025.</p>
<p>Jesse D. Garrabrant | National Basketball Association | Getty Images</p>
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<p>Shaquille O&#8217;Neal has agreed to pay $1.8 million to settle claims that he misled investors by promoting the now-bankrupt crypto exchange FTX.</p>
<p>The retired NBA superstar, who once urged fans to trust the platform, will resolve the allegations without admitting wrongdoing. But the deal marks one of the first high-profile settlements in the legal reckoning over FTX&#8217;s collapse.</p>
<p>The proposed settlement, filed in Florida federal court, would end a class action lawsuit accusing O&#8217;Neal of presenting FTX as a trustworthy and legitimate investment tool — particularly at live events and in social media content — while allegedly helping drive adoption of unregistered securities.</p>
<p>The class includes anyone who deposited money into FTX or held its proprietary token, FTT, between May 2019 and late 2022.</p>
<p>If the overseeing judge approves the deal, O&#8217;Neal&#8217;s $1.8 million payout will cover all legal fees, notice and administration costs and payouts to eligible investors. The arrangement also includes a sweeping release from future liability, and a provision barring him from seeking reimbursement from the FTX bankruptcy estate.</p>
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<p>In short: The check he&#8217;s writing is final — and all-inclusive.</p>
<p>&#8220;We are pleased to have this matter behind us,&#8221; counsel for O&#8217;Neal said in a statement.</p>
<p>Unlike other celebrity defendants and former FTX endorsers — including Tom Brady, Gisele Bündchen and Steph Curry — who had their claims largely dismissed, O&#8217;Neal remained entangled after a lengthy effort to serve him legal papers.</p>
<p><a href="https://frontofficesports.com/newsletter/tuned-in-exclusive-shaqs-big-deal/" target="_blank" rel="noopener">Front Office Sports reported</a> in February that O&#8217;Neal inked a $15 million deal to remain with TNT&#8217;s &#8220;Inside the NBA.&#8221;</p>
<p>O&#8217;Neal told CNBC in 2022 that, regarding FTX, he &#8220;was just a paid spokesperson for a commercial.&#8221;</p>
<p>O&#8217;Neal was named in a class action lawsuit alleging that FTX&#8217;s spokespeople &#8220;either controlled, promoted, assisted in [or] actively participated&#8221; in a plot to &#8220;aggressively market&#8221; the company.</p>
<p>In earlier interviews with CNBC Make It, O&#8217;Neal said he was actively avoiding cryptocurrency.</p>
<p>&#8220;I don&#8217;t understand it, so I will probably stay away from it until I get a full understanding of what it is,&#8221; he said at the time, adding: &#8220;From my experience, it is too good to be true.&#8221;</p>
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		<title>ICICI Securities pays Rs 80.4 lakh to settle stock broker rule violation case with Sebi</title>
		<link>https://lsd.hu/icici-securities-pays-rs-80-4-lakh-to-settle-stock-broker-rule-violation-case-with-sebi/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Fri, 14 Feb 2025 21:41:33 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/icici-securities-pays-rs-80-4-lakh-to-settle-stock-broker-rule-violation-case-with-sebi/</guid>

					<description><![CDATA[Brokerage firm ICICI Securities on Friday settled with markets regulator Sebi a case of alleged violation of stock brokers rules as well as other market norms after paying Rs 80.4 lakh towards settlement fee. The order came after ICICI Securities filed a settlement application in August last year, requesting the regulator for the settlement of [&#8230;]]]></description>
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<div data-brcount="24">Brokerage firm ICICI Securities on Friday settled with markets regulator Sebi a case of alleged violation of stock brokers rules as well as other market norms after paying Rs 80.4 lakh towards settlement fee. The order came after ICICI Securities filed a settlement application in August last year, requesting the regulator for the settlement of the adjudication proceedings under the Sebi&#8217;s (Settlement Proceedings) rules. </p>
<p>&#8220;&#8230;the instant adjudication proceedings initiated against the applicant (ICICI Securities) vide show cause notice dated June 19, 2024, is disposed of in terms of the Settlement Regulations,&#8221; Sebi&#8217;s chief general manager and adjudicating officer N Hariharan said. </p>
<p> The case stemmed from a joint inspection conducted by Sebi and NSE in September 2023, covering the period from April to May 2023. </p>
<p>The inspection found multiple non-compliances related to margin trading facility (MTF), software issues, and reporting lapses allegedly flouting stock broker rules and other market norms. </p>
<p> Thereafter, Sebi issued a show cause notice (SCN) on June 19, 2024, to the applicant. </p>
<p> Sebi alleged that ICICI Securities had failed to comply with conditions under margin trading facility (MTF) agreed with the clients that in case of unconfirmed pledge securities under MTF, the securities are to be squared off by the applicant on T+1 day.  Further, the SCN alleged that the applicant did not square off unconfirmed pledge securities on T+1 day and kept such securities in Client Unpaid Securities Account/Pool account without any pledge flouting stock brokers rules.  Additionally, Sebi also alleged that the brokerage house transferred securities from current settlement ID to another, thereby avoiding penalties imposed by the National Securities Depository Ltd. </p>
<p>The show cause notice alleged that ICICI Securities has provided incorrect submissions with respect to data relating to unconfirmed pledge securities under MTF. </p>
<p>Pursuant to receipt of the application, the internal committee of Sebi, proposed a settlement amount of Rs 80.46 lakh, which was accepted by the company. </p>
<p>The committee also directed the brokerage firm to report the technical glitch to the exchanges and submit a preliminary incident report along with root cause analysis report. </p>
<p>Thereafter, ICICI Securities filed revised settlement terms, wherein it complied with the technical glitch directive on November 27, 2024. Subsequently, Sebi&#8217;s high powered advisory committee also recommended the matter be settled. </p>
<p>After remitting the settlement fee of Rs 80.46 lakh, ICICI Securities settled the case with Sebi.</p>
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		<title>Paytm&#8217;s former independent directors, 6 others pay Rs 3.32 cr to settle alleged Sebi norms violation case</title>
		<link>https://lsd.hu/paytms-former-independent-directors-6-others-pay-rs-3-32-cr-to-settle-alleged-sebi-norms-violation-case/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sat, 18 Jan 2025 03:31:21 +0000</pubDate>
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					<description><![CDATA[One 97 Communications&#8217; former compliance officer Amit Khera, its former independent directors Ashit Ranjit Lilani and Neeraj Arora and five others settled a case by paying Rs 3.32 crore to the Indian market regulator Sebi for alleged violations of listing regulations. Sebi on May 17, 2024, issued a show cause notice (SCN) to Khera, Lilani, [&#8230;]]]></description>
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<br /><img decoding="async" src="https://img.etimg.com/photo/msid-117336895,imgsize-16696.cms" alt="msid 117336895,imgsize 16696" title="Paytm&#039;s former independent directors, 6 others pay Rs 3.32 cr to settle alleged Sebi norms violation case 16"></p>
<div data-brcount="19">One 97 Communications&#8217; former compliance officer Amit Khera, its former independent directors Ashit Ranjit Lilani and Neeraj Arora and five others settled a case by paying Rs 3.32 crore to the Indian market regulator Sebi for alleged violations of listing regulations.</p>
<p>Sebi on May 17, 2024, issued a show cause notice (SCN) to Khera, Lilani, Arora, Ravi Chandra Adusumalli, Mark Schwartz, Pallavi Shardul Shroff and Douglas Feagin seeking their response as to why an inquiry should not be held and penalty not be imposed against them. </p>
<p>A six-page order issued by the regulator said Khera failed to ensure conformity with the regulatory provisions applicable to the listed entity in letter and spirit, in violation of LODR Regulations, 2015.</p>
<p>Meanwhile, independent directors Lilani and Arora, being part of NRC, failed to discharge duties with an unbiased and independent approach while making decisions with respect to matters involving benefits to the company&#8217;s MD &amp; CEO Vijay Shekhar Sharma and his relatives, read the order.</p>
<p>The directors approved and signed offer documents containing incorrect statements and incomplete disclosures, it noted.</p>
<p>Their applications were placed before the Internal Committee of Sebi in its meeting held on August 27, 2024.The Internal Committee then recommended the matter for settlement upon payment of Rs 53.62 lakh by Lilani and Arora. It also recommended an amount of Rs 11.05 lakh crore to be paid by Khera. As for the rest, an amount of Rs 42.90 lakh was recommended.The case was later placed before the High Powered Advisory Committee (HPAC) for settlement, to which the HPAC agreed. </p>
<p>Also Read: Tech Mahindra Q3 Results: Cons PAT soars 93% YoY to Rs 983 crore, revenue up 1%</p>
<p><em>(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)</em></p>
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		<title>Patels Airtemp (India) settle disclosure violation case with Sebi</title>
		<link>https://lsd.hu/patels-airtemp-india-settle-disclosure-violation-case-with-sebi/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Tue, 19 Nov 2024 21:02:10 +0000</pubDate>
				<category><![CDATA[Stock]]></category>
		<category><![CDATA[Airtemp]]></category>
		<category><![CDATA[BSE-listed entity]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[Capital markets regulator]]></category>
		<category><![CDATA[case]]></category>
		<category><![CDATA[Disclosure]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[listing obligations and disclosure requirements]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Patels]]></category>
		<category><![CDATA[patels airtemp (india)]]></category>
		<category><![CDATA[sebi]]></category>
		<category><![CDATA[settle]]></category>
		<category><![CDATA[violation]]></category>
		<guid isPermaLink="false">https://www.lsd.hu/patels-airtemp-india-settle-disclosure-violation-case-with-sebi/</guid>

					<description><![CDATA[Patels Airtemp (India) on Tuesday settled a case with capital markets regulator Sebi related to an alleged violation of disclosure rules by paying a settlement amount of Rs 28.53 lakh. Heavy machinery company Patels Airtemp (India) is a BSE-listed entity. The order came after Patels Airtemp proposed to settle the instant proceedings, without &#8220;admitting or [&#8230;]]]></description>
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<br /><img decoding="async" src="https://img.etimg.com/photo/msid-115457494,imgsize-5668.cms" alt="msid 115457494,imgsize 5668" title="Patels Airtemp (India) settle disclosure violation case with Sebi 18"></p>
<div data-brcount="18">Patels Airtemp (India) on Tuesday settled a case with capital markets regulator Sebi related to an alleged violation of disclosure rules by paying a settlement amount of Rs 28.53 lakh. Heavy machinery company Patels Airtemp (India) is a BSE-listed entity. </p>
<p>The order came after Patels Airtemp proposed to settle the instant proceedings, without &#8220;admitting or denying the findings of facts and conclusions of law&#8221;, through a settlement order and filed a settlement application. </p>
<p> The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against Patels Airtemp (India) Ltd (noticee /applicant) for the alleged violation of the provisions of LODR (Listing Obligations and Disclosure Requirements) rules. </p>
<p>Thereafter, a show cause notice (SCN) was issued by the markets watchdog to the noticee on September 1, 2023. </p>
<p> &#8220;In view of the acceptance of the settlement terms and the receipt of settlement amount by Sebi, the instant adjudication proceedings initiated against Patels Airtemp (India) vide SCN dated September 01, 2023 is disposed of in terms of the settlement regulations on the basis of the settlement terms,&#8221; Sebi&#8217;s Adjudicating Officer Asha Shetty said in the order. </p>
<p> Patels Airtemp (India) Ltd (PAT) applied to settle the proceedings that may be initiated against it for allegedly violating the disclosures norms.  Pursuant to the receipt of the settlement application, PAT filed revised settlement terms, wherein it will pay Rs 28.53 lakh settlement amount.  Further, the regulator advised applicant to take appropriate action against the individuals responsible for the irregularities, under intimation to Sebi. </p>
<p>The revised terms proposed by the applicant were approved by the Sebi&#8217;s High Powered Advisory Committee (HPAC), which recommended the matter be settled. </p>
<p>After remitting the settlement fee of Rs 28.53 lakh, Patels Airtemp (India) Ltd settled the case with Sebi.</p>
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