This week, a federal judge overseeing an antitrust class-action lawsuit against Apple Inc. regarding allegations of anticompetitive behavior in the mobile wallet market certified a class of payment card issuers, in a major victory for plaintiffs.
U.S. District Judge Jeffrey S. White also denied Apple’s motion to exclude expert testimony attorneys say establishes common proof that Apple maintains monopoly power in a relevant antitrust aftermarket for tap-and-pay iOS mobile wallets, as well as a broader market for all mobile wallets, through Apple Pay.
The lawsuit accuses Apple of extracting up to $1 billion annually in fees in violation of federal antitrust law. You can read more here and read the judge’s order here.
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Article provided with permission from AppleWorld.Today