Arbitron Inc. (ARB) Confirms Settlement with Attorney General of California
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Arbitron Inc. (NYSE: ARB) has entered into a settlement with the Attorney General of the State of California, the Los Angeles City Attorney and the San Francisco City Attorney, which has resolved all allegations against Arbitron in a lawsuit that was filed on March 21, 2012 in the Superior Court of the State of California, County of San Francisco relating to the marketing and commercialization of the Arbitron Portable People Meter™ (PPM™) radio ratings service in Los Angeles, Riverside-San Bernardino, Sacramento, San Diego, San Francisco and San Jose, California.
As part of the settlement, Arbitron has agreed to continue a number of measures already an integral part of the company's current PPM methodology and of its continuous improvement program for the Portable People Meter ratings services in all markets.
These commitments are generally consistent with the company's agreements with other states and are in force through December 31, 2014, or until MRC accreditation is granted, whichever comes first. The Company also agreed to pay a total of $400,000 in settlement of all claims and costs.
As part of the settlement, Arbitron has agreed to continue a number of measures already an integral part of the company's current PPM methodology and of its continuous improvement program for the Portable People Meter ratings services in all markets.
These commitments are generally consistent with the company's agreements with other states and are in force through December 31, 2014, or until MRC accreditation is granted, whichever comes first. The Company also agreed to pay a total of $400,000 in settlement of all claims and costs.
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