09:13 AM EDT, 03/13/2026 (MT Newswires) -- Adobe (ADBE) said Friday that it has reached a settlement with the US Department of Justice to conclude a June 2024 lawsuit concerning its subscription disclosure and cancellation procedures.

The software provider said it has agreed to pay $75 million to the federal government and distribute an additional $75 million in free services to eligible users.

The company said that, while denying any wrongdoing and disagreeing with the federal allegations it is pleased to have resolved the matter and plans to contact impacted consumers directly once the required court documents are formally approved.

Shares of the company were down 8% in recent Friday premarket activity.