Civil Litigation,
Antitrust & Trade Reg.
Jun. 8, 2022
$100M deal between Apple and app developers gets judicial nod
Apple was accused of creating a monopoly with its app store and instituting the supracompetitive commission rate of a 30% cut of app store sales, hampering the profits of smaller developers.
A judge gave final approval of a $100 million settlement agreement between Apple and small app developers to resolve claims the tech company violated antitrust and unfair competition laws.
Apple was accused of creating a monopoly with its app store and instituting the supracompetitive commission rate of a 30% cut of app store sales, hampering the profits of smaller developers.
“The settlement provides substantia...
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