Adobe anticipates ‘significant penalty’ for complex cancellation practices

Adobe is expecting to pay a significant penalty to the US Federal Trade Commission (FTC) to settle an investigation into its service cancellation practices, the company said in a filing with the Securities and Exchange Commission (SEC).

“We believe our practices comply with the law and are currently engaging in discussion with FTC staff. The defense or resolution of this matter could involve significant monetary costs or penalties and could have a material impact on our financial results and operations,” the firm wrote in the SEC filing.

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​ Adobe is expecting to pay a significant penalty to the US Federal Trade Commission (FTC) to settle an investigation into its service cancellation practices, the company said in a filing with the Securities and Exchange Commission (SEC).“We believe our practices comply with the law and are currently engaging in discussion with FTC staff. The defense or resolution of this matter could involve significant monetary costs or penalties and could have a material impact on our financial results and operations,” the firm wrote in the SEC filing.To read this article in full, please click here   Read More Computerworld 

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