Google faces mass arbitration as advertisers seek billions
Briefly

Google faces mass arbitration as advertisers seek billions
""Two federal judges have already adjudicated Google to be a monopolist. It seems sensible to seek redress.""
""Potential claims for online search and display ads could reach $218 billion or more, based on calculations from an economist his firm has hired.""
""In a highly competitive market, advertisers choose our tools to grow their businesses and reach new customers.""
Google is facing significant damage claims from advertisers due to rulings that deemed its search and advertising technology businesses illegal monopolies. Advertisers are pursuing mass arbitration, which allows for pooled claims and increases the chances of settlements. A lawyer involved in these claims has noted that potential damages could exceed $218 billion. Google has denied the claims, asserting that its tools are chosen by advertisers in a competitive market. The first claims are expected to be filed soon, with resolutions typically taking 12 to 24 months.
Read at Miami Herald
Unable to calculate read time
[
|
]