In a 5-4 ruling, the justices rejected Apple’s argument that consumers lacked standing to proceed with their lawsuit because the tech giant was merely an intermediary with app developers. The class-action lawsuit from 2011 maintains that Apple, which takes a 30 percent commission on app sales, abuses its monopoly position, resulting in higher prices. The newest Supreme Court member, Justice …
A group of US consumers has been given the go-ahead by the Supreme Court to sue Apple over app prices. The iPhone users argued that there is no alternative place to buy an iPhone app, but that Apple takes a 30% commission on every sale, so therefore they are being overcharged. They claim that this puts Apple in breach of anti-trust laws. Apple said that it was an agent for app developers and that it neither owned nor sold the apps itself.
Consumers can pursue a lawsuit complaining that iPhone apps cost too much, the Supreme Court ruled on Monday, adding to Apple’s woes that already include falling iPhone sales and a European investigation. The lawsuit could have major implications for the tech giant’s handling of the more than 2 million apps in Apple’s App Store, where users get much of the software for their smartphones. While most of those apps are free to download, some impose fees for people to use the software and subscribe to the services. In those cases, Apple charges a commission of 30%, a practice that the lawsuit contends unfairly drives up the price for the apps. Justice Brett Kavanaugh wrote the majority opinion that agreed the antitrust lawsuit can move forward in a lower court.
Apple’s hopes to get an App Store antitrust lawsuit dismissed have fallen flat, with the US Supreme Court giving the go-ahead to a case alleging the iOS software download store is, indeed, a monopoly situation. It insisted that App Store customers were those of third-party developers using the download store to sell their titles, …
A U.S. judge on Tuesday dismissed most of an investor lawsuit accusing several major banks of conspiring to manipulate the benchmark European Interbank Offered Rate, or Euribor, and related derivatives. In a 100-page decision, U.S. District Judge Kevin Castel in Manhattan said several claims in the proposed class action must fail because of a lack of evidence …
Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all persons or entities who acquired Sanderson Farms, Inc. (NASDAQ : SAFM) securities between December 17, 2013 and October 6, 2016 (the “Class Period”). The Complaint alleges that throughout the Class Period, …
Lundin Law PC , a shareholder rights firm, announces a class action lawsuit has been filed against Taro Pharmaceutical Industries (“Taro” or the “Company”) (NYSE: TARO) concerning possible violations of federal securities laws between July 3, 2014 and September 9, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class …
Four more auto-parts suppliers agreed this week to pay $30 million in consumer settlements — with one paying an additional $5.9 million to U.S. dealerships — as part of class-action lawsuits that sprung from a massive U.S. antitrust price-fixing probe. Aisin Seiki Co., which ranks No. 7 on Automotive News’ list of the top global suppliers of parts to automakers, agreed to pay $24.5 million in …
Two months after the federal and state governments sued Carolinas HealthCare System over alleged antitrust violations, a San Francisco-based plaintiffs’ law firm has announced it’s looking for people who might have been harmed and could sue for related damages. In a notice on its website, the 65-lawyer firm of Lieff Cabraser Heimann & Bernstein says it’s investigating the Charlotte-based …
[JURIST] The US District Court for the District of Columbia [official website] dismissed [Opinion, PDF] on Friday dismissed a lawsuit filed by third party presidential candidates Gary Johnson and Jill Stein against the Commission on Presidential Debates [official website] requesting that third party candidates be included in the presidential debate this year. The candidates did not receive …