Alphabet to resolve UK class action lawsuit for £260m
Summary
Alphabet, Google’s parent company, agreed to pay £260 million to end a UK class‑action lawsuit filed by app developers alleging anti‑competitive Android app‑store fees. The settlement, reached before a scheduled ten‑week trial, is pending approval by the Competition Appeal Tribunal and would see Alphabet admit no liability. About £160 million of the fund will be distributed to the developers, while the remaining £100 million covers litigation costs and fees. The case was led by competition lawyer Prof Barry Rodger and financed by litigation‑funding firm Bench Walk. Alphabet said, "We are pleased to reach an agreement with the developers to end this litigation, subject to court approval. We remain committed to supporting the UK developer community in building the next generation of digital experiences.\ \)
(Source:Siliconrepublic.com)