Below see news-related suits and other action Google and Facebook face.
How do you see this shaking out? Are these actions going to make a major difference for the news industry?
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⢠Publishers of 125 newspapers in 11 states filed or announced suits against Google and Facebook on Monday, claiming the tech giants have unlawfully monopolized the digital advertising market and engaged in an illegal secretive deal, nicknamed âJedi Blue,â to throttle competition.
Fourteen complaints were filed or announced by publishers from Texas, Ohio, Pennsylvania, West Virginia, Wisconsin, Mississippi, New Jersey, Indiana, Missouri, Maryland and Delaware, said a press release from West Virginia-based Fitzsimmons Law Firm (see complaints).Â
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In this Oct. 20, 2015 file photo is signage outside Google headquarters in Mountain View, Calif. The owner of the Daily Mail website is suing Google, saying the tech companyâs dominance in online advertising has harmed its business. The suit, filed Monday in federal court in New York, says Google publishes publishersâ search results if they donât sell enough ad space through Google.Â
Marcio Jose Sanchez | The Associated Press
From staff and wire reports Apr 20, 2021
Google, Facebook in crosshairs in new 125 US newspapers lawsuits
Agencies/Washington
The technological giants have been accused of unlawfully monopolising the digital advertising market
Publishers of 125 newspapers in 11 states in the US filed or announced lawsuits against Google and Facebook on Monday, US media has reported.
The technological giants have been accused of unlawfully monopolising the digital advertising market and found to be engaged in an illegal secretive deal, which goes by the alias “Jedi Blue” in a bid to thwart competition.
At last count, 14 complaints were filed or announced by publishers from Texas, Ohio, Pennsylvania, West Virginia, Wisconsin, Mississippi, New Jersey, Indiana, Missouri, Maryland, and Delaware in the US. The claims come on the back of a January 2021 antitrust suit against Google and Facebook filed by HD Media, a West Virginia-based newspaper company that publishes the Pulitzer Prize-winning Charleston Gazette-Mail and (Huntington) H
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On Monday, four news publishers, including Clarksburg Publishing Company (doing business as WV News), Brown County Publishing Company and Multi Media Channels, Gale Force Media, and AIM Media Midwest Operating, sued Google and Face for antitrust violations, particularly for their purported monopoly of digital advertising, causing newspapers to struggle for digital advertising, which may cause a “news desert” from disappearing newspapers because of decreasing revenue.
The Brown County Publishing Company exemplary complaint, filed in the Eastern District of Wisconsin, noted that the House Subcommittee on Antitrust, Commercial, and Administrative Law concluded an antitrust investigation into digital advertising that revealed that the defendants’ “anticompetitive and monopolistic practices have had a profound effect upon our country’s free and diverse press, particularly the newspaper industry.”
Press release content from Business Wire. The AP news staff was not involved in its creation.
Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Credit Suisse Group AG
April 17, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 16, 2021
Robbins Geller Rudman & Dowd LLP ( https://www.rgrdlaw.com/cases-credit-suisse-group-ag-class-action-lawsuit.html ) today announced that it filed a class action on behalf of an institutional investor seeking to represent purchasers of Credit Suisse (NYSE:CS) American Depositary Receipts (“ADRs”) between October 29, 2020 and March 31, 2021 (the “Class Period”) (the “
Credit Suisse class action lawsuit”). The
Credit Suisse class action lawsuit was filed in the Southern District of New York and is captioned