In many cases, consumers sign up for low-priced subscriptions, free trial offers, annual memberships or recurring services without realizing that after the initial period ends, charges for the goods and services will continue to be billed to their credit cards.
We’re gaining a massive infusion of cash on our balance sheet, which will give us the flexibility and security to pursue our strategy and grow our business in an intensely competitive environment.
We’re also gaining a new and powerful ally in Sirius XM.
Faculty Member, Jim Moran School of Entrepreneurship; Chairman, Newport Board Group; Author of "No Man's Land: Where Growing Companies Fail"Florida State University is Chairman of Newport Board Group, a national partnership of CEOs and senior executives who advise emerging middle market companies and assist private equity firms to invest in and grow portfolio companies.
He is also a member of the Teaching Faculty at the Jim Moran School of Entrepreneurship at Florida State and also Advisory Board Chairman for the Business Dynamics Research Consortium at the University of Wisconsin - Extension.
This will allow the company “to explore interest expressed by a strategic investor in making a substantial minority investment in Pandora,” as it put it in a statement Thursday morning.
Pandora didn’t mention the potential investor, but multiple reports point to Sirius XM.
These practices have generated a mountain of complaints.
Now regulators, public officials and lawyers are taking legal action against these controversial practices.
To be considered for restitution under this agreement, consumers must file a complaint concerning conduct from July 28, 2008, to Dec.