Google is currently dealing with a series of legal challenges following three significant antitrust losses that may lead to costly fines and operational changes. A renewed lawsuit involving a Michigan pension fund claims these losses stem from Google’s longstanding monopolistic practices since 2021. The stakes are high, as the company might have to open its app store to competitors, share advertising data, and even consider selling its Chrome browser. Although reforms may transform Google's approach, they won't erase the repercussions of these lawsuits.
Over the years, we have devoted substantial resources to building robust compliance processes, to avoid protracted litigation we're happy to make these commitments.
This case is what's known as a consolidated derivative litigation, where multiple shareholder lawsuits are combined into a single action.
Google is facing a world in which it might need to open Google Play to other app stores, hand over advertising data to competitors, license its search index, and even sell the Chrome browser.
The litigation stretches back to 2021 when a Michigan pension fund accused Google of harming the company's future by triggering widespread antitrust and regulatory actions.
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