US sues Photoshop maker Adobe for hiding fees, making it difficult to cancel
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Adobe Systems (ADBE) falls as U.S. sues over subscription plan disclosures
June 17, 2024 12:44 PM EDTShares of Adobe Systems (NASDAQ: ADBE) fell over 2% Monday after the U.S. government sued the company. In addition, the Federal Trade Commission (FTC) also said it is taking action.
They accuse the Photoshop and Acrobat owner of hurting customers by registering them in its most lucrative subscription plans without clearly disclosing important terms.
The government filed a complaint in the San Jose, California,... More
FTC Takes Action Against Adobe (ADBE) and Executives for Hiding Fees, Preventing Consumers from Easily Cancelling Software Subscriptions
June 17, 2024 12:19 PM EDTThe Federal Trade Commission is taking action against software maker Adobe (NASDAQ: ADBE) and two of its executives, Maninder Sawhney and David Wadhwani, for deceiving consumers by hiding the early termination fee for its most popular subscription plan and making it difficult for consumers to cancel their subscriptions.
A federal court complaint filed by the Department of Justice upon notification and referral from the FTC charges that Adobe pushed consumers toward the annual paid monthly subscription without adequately disclosing that cancelling the plan in the first year could cost hundreds of dollars.... More
