Grubhub to pay $25M for ‘deceptive' practices against customers, drivers
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Grubhub has agreed to pay $25 million to settle a lawsuit with the FTC and Illinois Attorney General over deceptive practices, including misleading customers and drivers, and listing restaurants without permission.
December 17, 2024 | 8:30 pm
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NEGATIVE IMPACT
Grubhub, owned by Just Eat Takeaway.com (JTKWY), will pay $25 million to settle a lawsuit over deceptive practices. This settlement may impact investor perception and regulatory scrutiny.
The $25 million settlement indicates significant legal and regulatory challenges for Grubhub, which is owned by Just Eat Takeaway.com. This could lead to increased scrutiny and potential financial implications, affecting investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80