Sodexo pays $50 million to settle fraud lawsuit
Sodexos credit card payment system and a number of other payments have been shut down after an internal investigation uncovered fraudulent charges, according to the company.
The company, which makes credit cards, says it has paid $50.4 million to resolve fraud related to its payment system.
In December 2016, a federal jury awarded $50,000 in damages to a consumer who lost $1,500.
In March, the company paid $75,000 to a woman who was told her credit card was stolen and the company said it did not know about it until the next day.
In March, a court ordered the company to pay her $1 million in punitive damages and to create a plan to recover the $50 Million.
In June, Sodexom agreed to settle an antitrust lawsuit brought by the Department of Justice and the Securities and Exchange Commission.
The settlement resolves the lawsuit and also prohibits Sodexon from making additional fraudulent or deceptive conduct in connection with its payment and consumer-protection services, the Justice Department said.