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Moltiply, Italy’s price comparison platform, filed a €2.97 billion damages claim against Alphabet’s Google Friday, alleging anti-competitive conduct and abuse of dominance that favored Google Shopping between 2010 and 2017.
Moltiply alleged that its subsidiary 7Pixel, which operates the comparison site Trovaprezzi.it, was harmed by Google’s self-preferencing practices, which abused its market dominance to suppress competition and hinder the growth of 7Pixel by favoring its shopping platforms over its rival comparison platforms. The estimated damages amount to approximately 2.97 billion euros including the structural effects of the abuse.
The lawsuit is based on a landmark 2017 decision by the European Commission, which fined Google €2.42 billion for having abused its dominant position in online search markets by systematically favoring its own comparison shopping service over those of its competitors.
The European Court of Justice upheld the Commission’s decision. It confirmed that the abusive exploitation of a dominant position, particularly when exercised by companies with significant market power, distorts competition on the merits and harms both competitors and consumers. The court also upheld the General Court’s finding that Google’s conduct was discriminatory and did not fall within the boundary of fair competition noting that “the General Court correctly established that in light of the characteristics of the market and the specific circumstances of the case, Google’s conduct was discriminatory and did not fall within the scope of competition on the merits.”
In response to the claim brought by Moltiply, a Google spokesperson told Reuters, “We disagree strongly with these exorbitant private damages claims which disregard this successful and growing industry.”
The post Italy’s Moltiply sues Google over anti-competitive practices appeared first on JURIST - News.
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Moltiply alleged that its subsidiary 7Pixel, which operates the comparison site Trovaprezzi.it, was harmed by Google’s self-preferencing practices, which abused its market dominance to suppress competition and hinder the growth of 7Pixel by favoring its shopping platforms over its rival comparison platforms. The estimated damages amount to approximately 2.97 billion euros including the structural effects of the abuse.
The lawsuit is based on a landmark 2017 decision by the European Commission, which fined Google €2.42 billion for having abused its dominant position in online search markets by systematically favoring its own comparison shopping service over those of its competitors.
The European Court of Justice upheld the Commission’s decision. It confirmed that the abusive exploitation of a dominant position, particularly when exercised by companies with significant market power, distorts competition on the merits and harms both competitors and consumers. The court also upheld the General Court’s finding that Google’s conduct was discriminatory and did not fall within the boundary of fair competition noting that “the General Court correctly established that in light of the characteristics of the market and the specific circumstances of the case, Google’s conduct was discriminatory and did not fall within the scope of competition on the merits.”
In response to the claim brought by Moltiply, a Google spokesperson told Reuters, “We disagree strongly with these exorbitant private damages claims which disregard this successful and growing industry.”
The post Italy’s Moltiply sues Google over anti-competitive practices appeared first on JURIST - News.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.