Ashley Madison’s parent company pays US$1.6M in settlements with U.S. government
TORONTO — The Toronto-based parent company of the infidelity dating site Ashley Madison said Wednesday it hoped to have turned the page after reaching settlements in an investigation led by the U.S. Federal Trade Commission.
Ruby Corp., which was previously known as Avid Life Media, said it has paid more than US$1.6 million in settlements, with half the money going to the FTC and half to the states participating in the probe.
The company said that as part of the agreement, it will also maintain a comprehensive information security program and “refrain from past business practices that may have allegedly been misleading to consumers.”
But it stressed it neither admits nor denies the allegations made by the FTC and the various state attorneys general.