Adobe received communication in November 2023 from the Federal Trade Commission asserting it had the authority to enter into settlement negotiations regarding its investigation. The defense or resolution could involve “significant monetary costs or penalties,” Adobe said in a statement.
- In June 2022, FTC sought information regarding Adobe’s disclosure and subscription cancellation practices relative to the Restore Online Shoppers’ Confidence Act
- The firm has been cooperating with the Federal Trade Commission since June 2022
- Adobe believes its practices comply with the law
- The resolution could impact financials and operations
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