Stocks
Google Faces $3.2 Billion Damage Demands Over Ad-Tech Monopoly
A Manhattan federal judge has cleared the way for digital publishers to seek over $3.2 billion in damages from Alphabet Inc.'s Google after alleging ad-tech monopolization.
The decision, made by U.S. District Judge P. Kevin Castel, permits jury trials to proceed in Manhattan, rejecting Google's attempts to challenge the publishers' damage estimates.
The private damage suits stem from broader federal antitrust actions that previously found Google guilty of illegally dominating the online display advertising market.