US Supreme Court allows App Store antitrust suit against Apple

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Apple shares fell more than 5% after the justices upheld a lower court's decision to allow the proposed class action lawsuit to proceed.

WASHINGTON: The US Supreme Court on Monday gave the go-ahead for a lawsuit by consumers accusing Apple Inc of monopolising the market for iPhone software applications and forcing them to overpay, rejecting the company’s bid to escape claims that its practices violate federal antitrust law.

Conservative Justice Brett Kavanaugh, an appointee of President Donald Trump, joined the court’s four liberal justices to rule against Apple and wrote the decision.Explaining the ruling from the bench, Kavanaugh said, “Leaving consumers at the mercy of monopolistic retailers simply because upstream suppliers could also sue the retailers would directly contradict the longstanding goal of effective private enforcement in antitrust cases.

The dispute hinged in part on how the justices would apply a decision the court made in 1977 to the claims against Apple. In that case, the court limited damages for anti-competitive conduct to those directly overcharged rather than indirect victims who paid an overcharge passed on by others.

 

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Poor apple. Whrn you are down and now being kicked up the ass. Looks like yr days are numbered with this and the rise of other more attractive Chinese competitors.

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