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Market Chatter: Apple to Seek Dismissal of Justice Department Antitrust Case
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Market Chatter: Apple to Seek Dismissal of Justice Department Antitrust Case
May 21, 2024 12:13 PM

02:51 PM EDT, 05/21/2024 (MT Newswires) -- Apple's ( AAPL ) lawyers are planning to seek dismissal of the US Department of Justice's antitrust case over grounds the suit does not allege anti competitive conduct, Bloomberg reported Tuesday.

Lawyers of the company wrote a letter to the judge overseeing the case that they plan to file a formal motion to dismiss in June and plan to argue that the government's complaint does not accuse the company of monopoly power in a relevant market.

The US government is reportedly planning to respond to Apple's ( AAPL ) letter by May 30, while the court would rule on the formal motion to dismiss either later in 2024 or early next year.

If the case goes to trial, it would likely be a few years before proceedings begin, the report said.

Apple ( AAPL ) and DOJ did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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