Skip to content
Stock Focus Report

Stock Focus Report

Primary Menu
  • Home
  • Business
  • Economy
  • Domestic
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2025
  • January
  • 14
  • Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’
  • Business

Apple, Amazon fight off $600 million UK lawsuit over alleged ‘collusion’

Stock Focus Report January 14, 2025
2025-01-14T201329Z_2_LYNXMPEL0D0X6_RTROPTP_4_BRITAIN-COURT-APPLE-AMAZON

LONDON (Reuters) – Apple and Amazon have successfully fought off a mass lawsuit in Britain over alleged collusion between the tech giants to remove resellers of new Apple products from Amazon’s website, a tribunal ruled on Tuesday.

The lawsuit was brought by consumer law academic Christine Riefa on behalf of around 36 million British consumers who had bought Apple or Beats products.

Riefa’s lawyers alleged that Apple and Amazon reached an agreement in 2018 to bar the vast majority of resellers of Apple and Beats-branded products from Amazon’s marketplace in the United Kingdom, reducing competition for those products.

Apple and Amazon said the case, valued at 494 million pounds ($602 million) plus interest, was without merit and asked the Competition Appeal Tribunal to refuse to let it proceed.

The tribunal ruled that the case could not continue because Riefa had not demonstrated “sufficient independence or robustness” to represent the claimant class, in relation to third-party funding for the litigation.

Riefa’s lawyers did not immediately respond to a request for comment, nor did spokespeople for Apple and Amazon.

The Competition Appeal Tribunal’s refusal to certify the case, an early step in such litigation, is unusual as the bar for certification is relatively low.

(Reporting by Sam Tobin; Editing by Catarina Demony and Emelia Sithole-Matarise)


Continue Reading

Previous: U.S. posts record $711 billion deficit for first three months of fiscal 2025
Next: Trump USDOT nominee says Tesla safety probe will continue

Related Stories

2025-05-15T131423Z_4_LYNXMPEL4E0HS_RTROPTP_4_UNITEDHEALTH-DOJ.JPG
  • Business

UnitedHealth shares slide as criminal probe report adds to investor fears

Stock Focus Report May 15, 2025
2025-05-15T182409Z_1_LYNXMPEL4E118_RTROPTP_4_CVS-HEALTH-RESULTS
  • Business

CVS bids for Rite Aid stores, patient data in Pacific Northwest, Bloomberg News reports

Stock Focus Report May 15, 2025
2025-05-14T191536Z_1_LYNXMPEL4D0YN_RTROPTP_4_UBER-TRENDYOL
  • Business

Uber and iFood announce strategic partnership in Brazil

Stock Focus Report May 14, 2025

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Recent Posts

  • UnitedHealth Suffers Sell-Off After Probe Surfaces
  • UnitedHealth shares slide as criminal probe report adds to investor fears
  • CVS bids for Rite Aid stores, patient data in Pacific Northwest, Bloomberg News reports
  • Hidden Gem’s – Tomorrow’s Market Secrets – Delivered Today
  • Amgen owes $406 million for monopolizing cholesterol drug market, US jury says

Categories

  • Business
  • Domestic
  • Economy
  • Money
  • Newsletters
  • Politics
  • Top News
  • Uncategorized

You may have missed

  • Newsletters

UnitedHealth Suffers Sell-Off After Probe Surfaces

Stock Focus Report May 15, 2025
2025-05-15T131423Z_4_LYNXMPEL4E0HS_RTROPTP_4_UNITEDHEALTH-DOJ.JPG
  • Business

UnitedHealth shares slide as criminal probe report adds to investor fears

Stock Focus Report May 15, 2025
2025-05-15T182409Z_1_LYNXMPEL4E118_RTROPTP_4_CVS-HEALTH-RESULTS
  • Business

CVS bids for Rite Aid stores, patient data in Pacific Northwest, Bloomberg News reports

Stock Focus Report May 15, 2025
  • Uncategorized

Hidden Gem’s – Tomorrow’s Market Secrets – Delivered Today

Stock Focus Report May 15, 2025
  • Home
  • Privacy Policy
  • Terms of Service/Use Agreement
  • Disclaimer
  • Contact Us
Copyright © All rights reserved. | MoreNews by AF themes.