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One platform for global traditional assets
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CarMax to Pay $1.1 Million in Case Prosecuted by Multiple DAs, Including LA
CarMax has agreed to pay $1.1 million to settle a consumer protection lawsuit, led by multiple district attorneys including Los Angeles County, over allegations of failing to timely transfer vehicle ownership. The company stated that the delays were due to disruptions during the COVID-19 pandemic but has agreed to implement new compliance measures and pay civil penalties, investigative costs, and restitution.