GE faces fines of $58 million for “misleading information”

Local News

Misleading information means it’s time to pay up.

GE is facing a fine of more than $58 million in the European Union. Regulators there say the company misled them in its takeover of a Danish rotor blade maker two years ago. 

The same commission hit Facebook with a fine of around $100 million in 2017 for putting in misleading information around the purchase of ‘Whats-App’.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.