US EditionGoogle to Spend $500 Million Revamping Compliance in Shareholder Settlement
- A federal judge in Washington found Google guilty in summer 2024 of illegal practices sustaining its online search monopoly.
- The Justice Department demanded remedies including Google's divestiture from Chrome and banning exclusive default search agreements on smartphones.
- Google proposed narrower measures allowing pre-installation of its Play Store but opposed default installations of Chrome or its search engine.
- Google expressed on X that it disagrees with the Court’s initial ruling and is preparing to challenge it through an upcoming appeal.
- The judge’s penalty decision is expected by August 2025, and the Justice Department’s remedies could reshape the digital market.
83 Articles
83 Articles
Google has reached an agreement to spend $500 million within ten years in order to reform its compliance structure and thus resolve a shareholder lawsuit that accuses the company of antitrust violations. This preliminary agreement, according to the original report, was filed on Friday and now requires the approval of the U.S. District Judge Rita Lin in San Francisco. The amendment will include the creation of an independent committee on the boar…
Google to spend $500M to revamp compliance structure after shareholders seek ‘culture change’
Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of antitrust violations, settlement papers show.
Google to spend $500 million revamping compliance in shareholder settlement
Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of antitrust violations, settlement papers show.The preliminary settlement of so-called derivative litigation against officials at Google parent Alphabet,
Google plans to appeal the antitrust ruling against its search engine dominance
The complex and consequential antitrust trial against Google and its search engine practices recently heard its closing arguments, and the tech giant is already planning to appeal. In a post made on X, Google confirmed it would file an appeal, explaining that the proposed solutions went too far and "would harm consumers." “We will wait for the Court’s opinion,” Google wrote. “And we still strongly believe the Court’s original decision was wrong,…
San Francisco., Google announced that it will challenge its conviction for anti-competitive practices in online searches, after opposing the sale of its Chrome web browser, recommended by the U.S. government. The Department of Justice defends the adoption of sanctions that could radically change the digital landscape: the sale of Chrome and the prohibition of signing exclusivity agreements with smartphone manufacturers to install its default sea…
Google announced that it will appeal a US court ruling against it for anti-competitive practices in the internet search market, after the US Department of Justice demanded that it dismantle some of its business units...
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