Apple and Amazon win lawsuit alleging collusion, case valued at $602 million

From Investing.com: 2025-01-14 15:15:54

Apple and Amazon successfully defeated a mass lawsuit in Britain accusing them of colluding to remove resellers of new Apple products from Amazon’s website. The lawsuit, filed by Christine Riefa on behalf of 36 million British consumers, alleged that the tech giants had reduced competition for Apple and Beats products. The case, valued at $602 million, was ruled without merit by the tribunal due to insufficient independence in representation. Riefa’s lawyers and spokespeople for Apple and Amazon have not commented on the ruling. The Competition Appeal Tribunal’s decision not to certify the case is uncommon, given the relatively low bar for certification.



Read more at Investing.com: Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’ By Reuters