Google settles shareholder lawsuit, will spend $500M on being less evil

“Over the past years, we have devoted significant resources to the creation of reliable correspondence processes,” said Google. “To avoid a long trial, we are glad to fulfill these obligations.”

This case is what is known as a consolidated derivative trial, where numerous judicial claims are combined into a single action. The trial extends until 2021, when the Pension Fund of Michigan accused Google of harm to the future company, causing widespread antimonopoly and regulatory actions with “long and constant monopolistic and anti -competitive business practices.” This accusation gained only greater weight over the years since it was done.

Today, Google comes out of three main antimonopoly losses. In 2023, Google lost an antitrust case caused by epic games that accused him of anti -competitive practice in the distribution of applicationsThe field in 2024 The US Department of Justice successfully showed that Google illegally supported the search monopolyFinally, Google lost the field Advertising Antimonopoly Corps Earlier this year, it is at risk of the main income.

These legal volleys can cost a company in billions of fines and lead to significant changes in his business. Google is faced with a world in which he may need to open Google Play for other applications stores, transmit advertisements to competitors, license his search index and even Sell ​​the Chrome browserThe field is possible that the reforms will lead to a changed company, but this will not cancel the damage from the current flow of antimonopoly actions.