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When a company settles with a government (US/EU/etc) where does the money go? Is it just up to the government to spend it, or is it distributed to the plaintiff
by psychotik 15y ago
When a company settles with a government (US/EU/etc) where does the money go? Is it just up to the government to spend it, or is it distributed to the plaintiffs or something else entirely?
- tptacek 15y agoWhen DoJ collects fines or asset forfeitures, it remits the proceeds to the Treasury.
- psychotik 15y agoWow, that's kinda crazy. It essentially means that companies can hurt competitors by violating a law, causing competitors to go out of business even, and then pay the government to 'repent' (and also agree to some scrutiny for that particular type of violation). But their objective of wiping out competition has been achieved.
- tptacek 15y agoI'm not sure what that has to do with remittance; you seem to be suggesting that a larger fine should have been assessed. And, sure.