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Wait, I'm missing something. Wouldn't overpayments to a government entity have to be reported? Why are we just hearing about this now? This isn't a loaded que
by tombert 5y ago
Wait, I'm missing something. Wouldn't overpayments to a government entity have to be reported? Why are we just hearing about this now?
This isn't a loaded question, I'm genuinely curious if a lawyer or someone more educated than me could explain this.
- jjulius 5y agoIn this instance, no. The FTC authorized the settlement of $5 billion, and that's what Facebook paid. It's not like the FTC authorized a settlement for $1 billion and Facebook paid $5 billion. The "overpayment" alleged by the lawsuit is that the settlement should've been far, far less than $5 billion, but was increased to that amount in order to prevent Zuckerberg from being individually targeted, thereby "overpaying". Caveat: I'm not a lawyer, and I just have a basic understanding of this entire issue.