The Serious Fraud Office has secured a £10 million settlement from Ultra Electronics Holdings, drawing a line under a years-long investigation into bribery risks tied to overseas contracts.
Germany’s financial regulator has fined flatexDEGIRO SE €1,000,000 for failing to promptly disclose inside information tied to regulatory findings at its banking subsidiary. The penalty centers on events dating back to the end of 2022, when flatexDEGIRO did not immediately inform the market about the outcome of a special inspection at flatexDEGIRO Bank. That inspection, carried out under section 44 of the German Banking Act, had identified shortcomings in the company’s business organization.
The European Parliament is urging regulators to pick up the pace in enforcing the Digital Markets Act, warning that delays, modest penalties, and rapidly evolving technologies risk undermining one of the bloc’s most consequential competition laws.
The U.S. Department of Justice has unveiled a proposed settlement with The Kroger Company, resolving allegations that the grocery chain violated the Clean Air Act by failing to properly manage leaks of ozone-depleting refrigerants at stores nationwide.
The Commodity Futures Trading Commission has expanded its fast-moving legal campaign against state regulators, filing a lawsuit against Wisconsin in the latest effort to assert federal control over prediction markets.
The European Commission has preliminarily concluded that Meta is failing to adequately prevent children under 13 from accessing Instagram and Facebook, raising fresh concerns about how one of the world’s largest platforms is enforcing its own age restrictions under the Digital Services Act.
Italy’s antitrust regulator has handed down more than €23 million in fines to three of the country’s leading snack manufacturers, concluding that they coordinated their behavior in a market-sharing arrangement that limited competition in the private label sector.