secwatch.observer — SEC 8-K summary
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Issuer:     Criteo S.A. (CRTO)
CIK:        0001576427
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001576427-23-000095
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Criteo receives €40M GDPR fine from French regulator CNIL; intends to appeal
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- CNIL final decision imposes €40M ($44M) GDPR fine on Criteo, reduced from initial €60M proposal.
- Company to appeal; believes sanction and CNIL's GDPR interpretations are inconsistent with EU law.
- Criteo had previously accrued €60M liability; actual payment of €40M expected in H2 2023.
- Company states no obligation to change current practices and no impact on customer service.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1576427/000157642723000095/0001576427-23-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1576427/000157642723000095/crto-20230621.htm
  HTML page:      https://secwatch.observer/filing/0001576427-23-000095

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