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