U.S. Department of Justice

“TikTok and its Chinese parent company ByteDance have agreed to pay $400 million to settle a US department of justice lawsuit alleging violations of federal children's privacy laws.”

“Under the settlement, TikTok will pay $300 million immediately and a further $100 million after an order is entered vacating an earlier consent decree involving TikTok's predecessor, Musical.ly, the …”

“not a single penny was lost on securities issued”

“In Nov 2024, the DOJ had started investigating Adani, his nephew Sagar Adani and six others”

“The DOJ had alleged securities-fraud conspiracy, wire fraud conspiracy, and securities fraud against the eight people”

“The DOJ gave six “overlapping bases” for dismissal of the case”