Anticompetitive

Coinbase Faces $1 Billion Lawsuit Over Alleged Market Sabotage and Anti-Competitive Practices in Crypto Sector

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Hong Kong-based company BiT Global Digital Limited is suing Coinbase, a leading cryptocurrency exchange, for more than $1 billion. Filed on December 13, 2024, the lawsuit charges Coinbase with anti-competitive actions following its decision to delist Wrapped Bitcoin (wBTC), favoring its newly launched product, cbBTC. BiT Global claims that Coinbase’s decision to remove wBTC from its platform on November 19 was strategically timed to benefit its own product, raising serious concerns about fair market practices. Despite Coinbase stating that the delisting was due to wBTC not meeting its listing criteria, BiT Global highlighted discrepancies in … Read more

U.K. Regulatory Body Suspects Google of Anti-Competitive Practices in Digital Advertising Sector

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LONDON — The U.K.’s antitrust regulator has recently expressed concerns that Google’s dominance in the digital advertising sector may be breaching competition laws. The tech giant, known for its significant hold over online advertising markets around the world, faces scrutiny over practices that potentially hinder rival companies’ ability to compete fairly. According to the Competition and Markets Authority (CMA), preliminary findings suggest that Google has been engaging in activities that may stifle competition and innovation within the digital advertising space. This includes the ways in which Google interacts with publishers and advertisers, and how it … Read more

NFL Faces $4.7 Billion Payout After Jury Finds Sunday Ticket Pricing Scheme Anti-Competitive

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Los Angeles, CA — In a landmark ruling, the NFL has been directed by a Los Angeles jury to pay approximately $4.7 billion in damages for breaching antitrust laws in connection with its DirecTV “Sunday Ticket” service. This decision arrived after allegations that the league had improperly collaborated with DirecTV and broadcast partners CBS and Fox, to inflate the service’s pricing. The unanimous conclusion by the jury, reached after around five hours of deliberations spread over two days, concluded the three-week trial featuring high-profile testimony from NFL Commissioner Roger Goodell and Cowboys owner Jerry Jones. … Read more

Apple Faces Lawsuit from 16 States, Accused of Anti-Competitive Practices and Consumer Lock-in

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HARTFORD, Connecticut – Connecticut has joined forces with 15 other states and territories in a legal battle against tech giant Apple. The lawsuit accuses the company of using its popular iPhone to stifle competition and exploit customers for financial gain. The states involved in the lawsuit include Maine, New Hampshire, New Jersey, and Vermont. They argue that Apple’s practices create barriers for consumers looking to switch to alternative smartphones by preventing competitors’ products from working seamlessly with the iPhone. During a press conference held in Hartford, Connecticut’s Attorney General William Tong emphasized that Apple is … Read more