Alphabet Inc.’s Google is facing billions of dollars in potential damage claims as part of mass arbitration tied to the company’s online search and advertising technology businesses, which courts have ruled were illegal monopolies.
Many here may believe that the Google's government antitrust case is behind them due to the government-imposed penalties being less than a slap on the wrist. In reality, this has only opened the door to widespread arbitration from Google's customers, who now have credible evidence that they suffered damages from overpaying for ads due to Google's anticompetitive behavior.
Under federal antitrust law, persons and companies harmed by anticompetitive conduct may seek an award of triple their damages, an injunction, and costs of the action (including attorney fees) against a party that violates federal antitrust laws.
The phrase “injured in his business or property” is interpreted broadly by the courts to include, for example, the loss of money paid as an overcharge on a product.
When you consider the extent and scale to which Google has been overcharging advertisers, and the fact that antitrust law awards 3x the damages + attorney fees, the total cost of this arbitration will likely be in the tens of Billions.
Google faces mass arbitration by advertisers seeking Billions
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Posted by skilliard7
2 Comments
Calls.
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