4 ms·
I'm really not sure where people are getting this entire idea that one is civil and the other is criminal. I'm guessing they're just making it up or making an a
by elmerfud 4y ago
I'm really not sure where people are getting this entire idea that one is civil and the other is criminal. I'm guessing they're just making it up or making an assumption that is completely wrong. The fine that is being levied against Seagate is not a criminal fine it is a civil fine. Criminal proceedings would have been launched and adjudicated in court likely resulting in a jail time for people. This is very uncommon and instead the civil penalties for the infraction are what is pursued which is exactly what was done in this case.
Except for one being a defamation case and the other being an export violation case these are apples to apples comparisons. These are both civil violations and these are both negotiated deals between the parties.
Fox News managed to settle for about half of what the case was asking for which is likely very decent to deal for them as I think they would have lost big time and you never know what a jury will award in a case like this. They got a pretty safe deal although quite costly.
Seagate on the other hand was given the deal of a lifetime for their violation. If you look up the maximum penalties allowed to be sought it is twice the amount of the transaction which is the basis for the violation. Reading the article the violation is 1.1 billion dollars. So the maximum penalty should have been 2.2 billion. They were let off with a measly 300 million.
This is not about a lobbying the government for stiffer penalties, because those penalties are on the books already, this is about the government giving Seagate a sweetheart deal because people in the department of commerce are setting up future positions to work in companies like this. I would suggest you take a long hard look and you see where a bureaucrats that work for these government organizations go to once they leave these organizations.