The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation. The lawsuit, filed in federal court in New Jersey, alleges that Apple has monopoly power in the smartphone market and uses its control over the iPhone to "engage in a broad, sustained, and illegal course of conduct.
" The lawsuit — which was also filed with 16 state attorneys general — is the latest example of the Justice Department’s approach to aggressive enforcement of federal antitrust law that officials say is aimed at ensuring a fair and competitive market, even as it has lost some significant anticompetition cases. President Joe Biden has called for the Justice Department and the Federal Trade Commission to vigorously enforce antitrust statutes. The increased policing of corporate mergers and business deals has been met with resistance from some business leaders who have said the Democratic administration is overreaching, but it’s been lauded by others as long overdue. The case is taking direct aim at the digital fortress that Apple Inc
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Utah Department of Corrections discriminated against transgender inmate, Justice Department rulesAfter 3 decades spent in the sunny (and humid) South Florida media world, Jeff has traveled to across the country to partake in the delights of The Beehive State.
Source: fox13 - 🏆 550. / 51 Read more »
Justice Department warns Lexington to end ‘two-tiered system of justice’Lexington must end its 'two-tiered' system of justice, Justice Department official and U.S. attorney said.
Source: MSTODAYnews - 🏆 275. / 63 Read more »
Justice Department sues Apple in antitrust suit over monopoly on smartphonesThe Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation.
Source: KTVU - 🏆 465. / 53 Read more »
Justice Department and states accuse Apple of wielding a smartphone monopoly through market manipulationThe civil complaint, filed in the U.S. District Court for the District of New Jersey, alleges the company has illegally wielded a monopoly over the smartphone market by cutting off developers and stifling competitors with punitive restrictions.
Source: adndotcom - 🏆 293. / 63 Read more »
Justice Department files antitrust lawsuit against Apple over its infamous 'walled garden'Mariella Moon has been a night editor for Engadget since 2013, covering everything from consumer technology and video games to strange little robots that could operate on the human body from the inside one day. She has a special affinity for space, its technologies and its mysteries, though, and has interviewed astronauts for Engadget.
Source: engadget - 🏆 276. / 63 Read more »
Apple has kept an illegal monopoly over smartphones in US, Justice Department says in antitrust suitThe Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple.
Source: FOX10News - 🏆 581. / 51 Read more »