financetom
Business
financetom
/
Business
/
Google fights $17 bln UK lawsuit over adtech practices
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Google fights $17 bln UK lawsuit over adtech practices
May 8, 2024 8:31 AM

LONDON, May 8 (Reuters) - Google parent Alphabet

has urged a London tribunal to block a mass lawsuit

which accuses it of abusing its dominance in the online

advertising market, in the latest case to focus on the search

giant's business practices.

The lawsuit seeks damages of up to 13.6 billion pounds

($16.9 billion) on behalf of publishers of websites and apps

based in the United Kingdom, who say they have suffered losses

due to Google's allegedly anticompetitive behaviour.

Lawyers for Ad Tech Collective Action asked the Competition

Appeal Tribunal (CAT) to certify the case to proceed towards a

trial at the start of a three-day hearing on Wednesday.

Google, however, said the case was incoherent and did not

explain how alleged anticompetitive conduct had supposedly

caused losses to the publishers.

Ad Tech Collective Action's lawyer Robert O'Donoghue said

the London lawsuit was "the latest in a series of major

set-preferencing abuse cases involving Google".

The case comes amid ongoing probes by regulators into

Google's adtech business, including by Britain's Competition and

Markets Authority and the European Commission, which O'Donoghue

said was concluding imminently.

O'Donoghue also referred to two multibillion-euro fines

levied on Google by the European Commission, over its online

shopping search service and the requirement to pre-install

Google Search and its Chrome browser on Android mobile devices.

Google is also fighting two lawsuits in the U.S., one

brought by the Department of Justice and another by Texas and

other states, accusing the company of anticompetitive conduct.

The company "strongly rejects the underlying allegations

against it", its lawyers said in court documents for the CAT

case. "Google's impact in the ad tech industry has been hugely

procompetitive."

Ad Tech Collective Action's proposed lawsuit is the latest

against a tech giant at the CAT, which already this year has

certified a $3.8 billion case against Facebook parent Meta

and a nearly $1 billion case against Apple ( AAPL ).

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Merck raises 2024 profit forecast on strong sales of cancer drug Keytruda
Merck raises 2024 profit forecast on strong sales of cancer drug Keytruda
Apr 25, 2024
April 25 (Reuters) - Merck & Co ( MRK ) on Thursday raised its annual profit and revenue forecast on the back of strong sales for its blockbuster cancer drug Keytruda. The New Jersey-based drugmaker said it expected earnings of $8.53 and $8.65 per share, up from its previous forecast of $8.44 to $8.59, and sales of $63.1-$64.3 billion for...
Intel Historically Reverses or Narrows Earnings-Driven After-Hours Gains in Follow-On Regular Session
Intel Historically Reverses or Narrows Earnings-Driven After-Hours Gains in Follow-On Regular Session
Apr 25, 2024
07:05 AM EDT, 04/25/2024 (MT Newswires) -- Intel ( INTC ) maintains a history of reversing its earnings-driven after-hours trade in next-day action, specifically the upside. The company is due with its Q1 report in the after-hours today. INTC has advanced in the after-hours in 38 of the last 80 quarters MT Newswires has tracked over the last 20 years....
Hungary says it will sue Austrian supermarket chain Spar for defamation
Hungary says it will sue Austrian supermarket chain Spar for defamation
Apr 25, 2024
BUDAPEST, April 25 (Reuters) - Hungary's government plans to sue Austrian supermarket chain Spar for defamation, Prime minister Viktor Orban's chief of staff told a press conference on Thursday. Proceedings will be opened against Spar, in court, and presumably for defamation, Gergely Gulyas said. Spar did not immediately respond to a request for comment. The Austrian government and Spar sent...
Comcast tops revenue estimates on streaming growth, strong park attendance
Comcast tops revenue estimates on streaming growth, strong park attendance
Apr 25, 2024
(Reuters) - Comcast ( CMCSA ) beat quarterly revenue estimates on Thursday driven by higher-than-expected subscriber growth at its Peacock streaming service and strong attendance at its theme parks. Peacock added 3 million subscribers in the first quarter, taking its total to 34 million and outpacing estimates of 2.32 million by Visible Alpha, thanks to higher investments that Comcast (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved