Tag Archives: lawsuit

The suit, as filed, cites internal company documents that were heavily redacted. The Wall Street Journal reviewed part of a recent draft version of the suit without redactions, which elaborated on findings and allegations in the court documents. Ten Republican attorneys general, led by Texas, are alleging that the two companies cut a deal in September 2018 in which Facebook agreed not to compete with Google’s online advertising tools in return for special treatment when it used… Source link

Google said on Monday that it had not used its multibillion-dollar deals with other large tech firms to protect its position as the dominant online search engine, in the company’s first formal rebuttal to the Justice Department’s accusations that those deals violated antitrust laws. The filing, a 42-page document, is a paragraph-by-paragraph — and sometimes sentence-by-sentence — denial of the claims made by the government and a group of states that have joined its lawsuit. In the… Source link

NEW YORK (WCBS 880) — New Jersey, New York and Connecticut are among more than 30 states suing Google, saying the company is too dominant in the search engine industry. In a statement, New Jersey Attorney General Gurbir Grewal said the suit “sends the message that no company is too powerful to avoid real accountability.” The states say that Google is not giving enough of a choice when searching online and that they’re paying in some cases to make… Source link

GlobeNewswire SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Qiwi plc – QIWI NEW YORK, Dec. 19, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Qiwi plc (“Qiwi” or the “Company”) (NASDAQ: QIWI).   Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether Qiwi and certain of its officers and/or directors have engaged… Source link

TipRanks 3 Stocks Flashing Signs of Strong Insider Buying Sometimes, following a leader makes the best investment strategy. And corporate insiders have long been popular leaders to follow. Their combination of responsibility to their stockholders and access to ‘under the hood’ information on their companies gives their personal investment choices an air of authority.The most important thing about these insiders is that whatever else they do, they are expected to shepherd their companies to… Source link

InvestorPlace Learn a Lesson From Luckin Coffee — and Avoid It in the Process You may remember Luckin Coffee (OTCMKTS:LKNCY) as the ticker symbol LK. That’s no longer the case. After revelations this past year, Luckin Coffee stock was relegated to the over-the-counter market.  Source: NewsToday / Shutterstock.com This was once a promising growth stock, but it led investors astray when top management was dishonest about sales, among other things. While the company looked like it was… Source link

The lawsuit marks the third competition case that U.S. regulators have filed against the search-and-advertising behemoth since October, reflecting the rising unease with Google’s massive profits and expansive reach — and the growing national dissatisfaction with Silicon Valley writ large. In the latest legal salvo, Democratic and Republican attorneys general from 38 states and territories led by Colorado and Nebraska took aim at a broad swath of Google’s digital empire. They claim that… Source link

Google was hit with another antitrust lawsuit on Thursday, as 35 states other other U.S. territories claim that the internet giant has stifled competition in its dominance of web search. “As the gateway to the internet, Google has systematically degraded the ability of other companies to access consumers,” the lawsuit states. “In doing so, just as Microsoft improperly maintained its monopoly through conduct directed at Netscape, Google has improperly maintained and extended its… Source link

Attorneys general led by Texas have been investigating Google’s powerful role in the digital advertising market. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images … Source link