U.S. court allows consumer suit against Apple Inc.
The U.S. Supreme Court has rejected Apple Inc’s bid to escape claims that its practices violate federal antitrust law by giving the go-ahead for a lawsuit against the company by consumers on Monday. The consumers accused Apple in the lawsuit of monopolizing the market for iPhone software applications and forcing them to overpay.
The justices, in a 5-4 ruling, upheld a lower court’s decision to allow the proposed class action lawsuit to proceed. The plaintiffs said the Cupertino, California-based technology company required apps be sold through its App Store and extracted an excessive 30 percent commission on purchases.
Apple shares moved lower after the ruling.
Yetunde Adegoke (Reuters)