Antitrust Fine News Today

The United States Justice Department is set to file a lawsuit against Apple for potentially breaching antitrust laws. Antitrust laws originated with the US Sherman Antitrust Act of 1890 and are enforced at domestic levels. Of the big four tech companies, Apple is the latest to be accused of breaching antitrust laws. The lawsuit alleges that Apple is using hardware and software limitations to stifle competition with iPhones and iPads.

Antitrust Lawsuits: As the digital market continues to grow, many countries including the European Union, Japan, the United Kingdom, the US, China, South Korea, India and Australia have all either introduced, or plan to introduce, competition legislation specific to tech firms.

The European Commission handed down the fine to the company in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals.

Google in last ditch effort to overturn $2.6 bln EU antitrust fine

Google turned to the Court of Justice of the European Union (CJEU) after the General Court in 2021 threw out its challenge to the fine levied by EU antitrust chief Margrethe Vestager in 2017.

The National Company Law Appellate Tribunal on Wednesday declined to grant interim relief to Google seeking a stay on competition watchdog CCI's penalty of Rs 936.44 crore on the tech giant for abusing its dominant position with respect to Play Store policies.

A French court on Thursday slashed more than 700 million euros from a record 1.1 billion euro fine imposed on US tech giant Apple in 2020, sources close to the case told AFP.

In March 2020 Apple was fined €1.1 Billion over sale restrictions in France. In November 2021, Patently Apple posted a report titled "Apple Lawyer makes the case in a Paris Court that the €1.1 Billion Antitrust Fine is based on an imaginary theory and should be reversed. Today the French Court delivered Apple a big win against Antitrust ...

A court in Italy dismissed a fine against Apple and Amazon in an antitrust case on Monday.

Google is set to be hit with a fine of €4.125 billion