Italy’s Moltiply sues Google for €2.97 billion over market dominance
Moltiply alleges that Google hindered the growth of its subsidiary 7Pixel by prioritizing its own Shopping service in search results
CFPB drops Biden-era oversight of Google’s nonbank financial platform
Bureau’s involvement would have been “an unwarranted use of the Bureau's powers and resources, says CFPB Director
Microsoft clears legal hurdle as court upholds $69 billion Activision acquisition
The three-judge panel finds that the FTC lacks strong evidence to prove the merger reduces competition
Musk to proceed with lawsuit against OpenAI despite governance changes
OpenAI announces a new governance structure where its non-profit parent oversees the for-profit business and becomes a major shareholder
Apple appeals U.S. ruling to open App Store to more competition
The appeal seeks to overturn an April 30 ruling that found Apple in contempt of a 2020 antitrust lawsuit by Epic Games
OpenAI revises governance structure to retain nonprofit control
Company will work with stakeholders, including Microsoft and nonprofit commissioners, to finalize the governance, says Altman
LHC rules NAB appeals cannot be placed before division bench
The court notes that placing NAB cases directly before a division bench denies the affected party’s right to appeal a single judge's decision
Apple faces $502 million payout in long-running 4G patent case
Optis makes no products and their sole business is to sue companies using patents they buy, says Apple spoeksperson
Musk’s X sues Minnesota over AI deepfake election law
The company argues the legislation infringes on free speech rights and is impermissibly vague
Zuckerberg considered spinning off Instagram over antitrust concerns in 2018
He also warned that regulatory challenges might force Meta to separate Instagram and WhatsApp in the next 5 to 10 years
Trump administration seeks to undo Biden’s fee rule for credit cards
The Trump administration argues that the $8 credit card late fee cap is illegal, backing claims from business and banking groups
Bank of America penalized $540 million after FDIC lawsuit ruling
The FDIC claims Bank of America underreported its risk to counterparties, leading to lower deposit insurance assessments
SC dismisses Payoneer’s appeal against FBR tax notices
CJ emphasizes that Payoneer has the opportunity to defend itself and can challenge any final order through the appropriate forums
Trump’s tariff authority challenged in court by conservative legal group
The lawsuit argues that Trump lacked the legal basis to impose the tariffs under the International Emergency Economic Powers Act
Legal challenges mount against Musk’s $44 billion Twitter deal
A U.S. District Judge rules that Musk allegedly committed fraud via improper filings, misleading statements, and a secret Twitter stake buildup