Qualcomm fined $854 million for violating competition laws

This summer we told you about an investigation by the Fair Trade Comission in South Korea involving Qualcomm and unfair business practices. Reuters now reports that we have a final verdict – the company will be fined 1.03 trillion won (approx. $854 million). The decision will be challenged in court, the chip maker said later.
This is the largest fine ever issued by the Korean FTC (KFTC). They say Qualcomm abused its dominant market position and forced phone makers to pay unnecessarily high costs for patents as part of their deal to provide chipsets. The regulator added more:
The accusation also includes restricting competition by limiting licensing of its standard essential patents to rivals such as Intel, Samsung Electronics and MediaTek. KFTC ordered Qualcomm to renegotiate with rivals on patents and supply agreements. This means that the chip maker will have to resign its deals with Apple, Samsung and Huawei.
Investigations began back in 2014 when anonymous complaints were filed…

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Qualcomm fined $850 million in South Korea for violating antitrust laws

It looks like Qualcomm is slowly becoming one of the most fined company in the smartphone business. In just two years, the US-based company was forced to pay almost $200 million in fines.
The last fine Qualcomm was hit with dates from last year when the company had to pay $975 million in China after..

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Watford and West Brom fined £45,000 each by FA

The Premier League clubs have paid the price for an altercation between the two teams on December 3, with the FA fining them for misconduct
The Football Association (FA) has fined West Brom and Watford £45,000 apiece after the Premier League duo admitted to a misconduct charge.
West Brom defeated ..

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Watford and West Brom fined by the FA

Watford and West Brom have both been fined £45,000 by the Football Association after admitting a misconduct charge.
The two clubs were disciplined for failing “to ensure their players and/or officials conducted themselves in an orderly fashion and/or refrained from provocative behaviour”.
The incident occurred in the..

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Manchester City and Chelsea fined by FA following Etihad Stadium brawl

Manchester City and Chelsea have both been fined by the Football Association following the brawl towards the end of their Premier League match earlier this month.
City have been fined £35,000 and Chelsea £100,000 after admitting a charge for failing to ensure their players conducted themselves in an orderly fashion and..

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Pfizer fined for hiking epilepsy drug price 2,600% in UK

Pfizer rejected the ruling, saying it"s epilepsy drug Epanutin was a loss-making product. (Mark Lennihan/The Associated Press)
British regulators fined U.S. drugmaker Pfizer and distributor Flynn Pharma a record 89.4 million pounds ($112.7 million) Wednesday for increasing the cost of an...
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Lib Dems fined £20,000 by watchdog over undeclared payments

Image copyright Reuters Image caption Lib Dem leader Nick Clegg resigned in 2015, after the party kept just eight of the 57 seats won in 2010 The Liberal Democrats have been fined £20,000 by the Electoral Commission for failing to declare all their spending in the 2015 general election campaign.
An investigation by the commission found that 307 payments totalling £184,676 were missing from the party"s spending return.
The commission said it had referred the matter to the police to see if any criminal offences had been committed.
The Lib Dems said “human error and failures of process” were to blame.
Bob Posner, director of political finance at the Electoral Commission, said their investigation uncovered “systemic failures in ensuring that the rules were being followed”.
“This is an experienced party that failed to meet the basic requirements of the law, and cases like this undermine voters" confidence in our political finance system,” he said.
“This is why we have applied t..

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Cyclist bumps into moving high-speed train, fined by police

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Now operator to be fined if call gets dropped

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Woman Fined After Renting Her Place on AirBNB

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