As much as people complain about negligence cases and their impact on the court system, it is crucial to know that there is much corporate misconduct that goes on. For instance, the European Commission (EC) fined Microsoft $732 million for failing to comply with its commitments to offer users a browser choice screen, pursuant to a legally binding contract made in 2009. Citigroup is to pay $730 million to settle claims that it misled debt investors about its condition during the financial crisis. Two affiliates of S.A.C. Capital Advisors will pay $614 million to settle insider trading charges brought by the Securities and Exchange Commission. Oppenheimer will pay $2.8 million to settle allegations about misleading investors – this too was brought by the Securities and Exchange Commission. Google will pay $7 million to settle claims of collecting data from unsecured wireless networks nationwide while taking photographs for its Street View service between 2008 and March, 2010.
Anytime people talk about litigation and who should be responsible for conduct, these facts will help give you a much broader perspective of what is going on worldwide.