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Rubicon Project settles fee dispute with Guardian

Published 10/12/2018, 04:18 PM
© Reuters.  Rubicon Project settles fee dispute with Guardian
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  • The Rubicon Project (NYSE:RUBI) clawed back some recent declines, rising 9.2% today, after news that it reached a settlement with The Guardian over alleged hidden fees.
  • The Guardian alleged that Rubicon Project charged fees to buyers of the paper's ad inventory without disclosing those to the publisher, and sued for damages.
  • The ad-tech firm countersued last year, saying the paper had consented to the fees by contract and that they were disclosed publicly in SEC filings.
  • The settlement is confidential.
  • Now read: The Rubicon Project: Nascent Turnaround Prospects


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