Google vehemently criticizes the US Department of Justice’s (DOJ) proposed remedies in the ongoing antitrust lawsuit, warning of devastating consequences for consumers, innovation, and America’s global tech standing. The tech giant argues the proposals represent an unprecedented government overreach, impacting security, privacy, AI development, and key partnerships.
The US Department of Justice is seeking to seize $16 million in cryptocurrency held in a Binance account, allegedly linked to bribes authorized by former FTX CEO Sam Bankman-Fried. The funds, including Solana, Avalanche, Ripple, Cardano, and Internet Computer tokens, are believed to have originated from illicit transactions related to Bankman-Fried’s attempt to bribe Chinese officials in 2021.
Missouri’s top officials are suing the Department of Justice (DOJ) to block election monitors from entering polling places on Election Day, arguing that the DOJ’s presence is illegal and intimidates voters. The lawsuit comes after the DOJ announced plans to deploy monitors to 86 jurisdictions across 27 states, a significant increase from previous years. Missouri officials, along with other Republican-led states, have argued that federal monitoring is unnecessary and undermines state election integrity.
Alphabet CEO Sundar Pichai remained tight-lipped about Google’s backup plan should its search partnership with Apple end, but warned of the potential consequences of the Department of Justice’s proposed antitrust remedies. He also expressed concerns about the far-reaching proposals’ impact on the tech sector and American leadership. Despite the legal challenges, Alphabet reported strong third-quarter earnings, with revenue exceeding expectations.
The U.S. Trustee Program has filed a motion to dismiss Johnson & Johnson’s latest bankruptcy filing, which aims to settle over 60,000 talc-related lawsuits. The DOJ argues that this maneuver is a bad-faith attempt to avoid billions in liability, citing the company’s history of similar tactics. This move comes after Johnson & Johnson increased its settlement offer to $9 billion, but the DOJ believes the company is seeking a third-party release to shield itself from liability.
The U.S. Department of Justice (DOJ) has filed a lawsuit against Rocket Companies, alleging that they discriminated against a Black homeowner by undervaluing her home in a mortgage refinancing appraisal. The lawsuit also claims Rocket Mortgage interfered with the homeowner’s rights by canceling her refinancing application after she reported the discrimination. The DOJ alleges the appraisal company used sales data from neighborhoods with larger Black populations to undervalue the home.
The Department of Justice (DOJ) is considering dismantling Google, a subsidiary of Alphabet Inc., as a potential remedy for antitrust violations. The DOJ is concerned about Google’s dominance in the search market and its use of platforms like Chrome, Play, and Android to maintain its monopoly. The potential remedies under consideration include structural changes, contractual restrictions, and limitations on revenue-sharing agreements. Google has criticized these proposals as radical and warned of potential unintended consequences.
The U.S. Department of Justice is investigating German software giant SAP and its U.S. reseller, Carahsoft Technology, for potential price-fixing schemes involving billions of dollars worth of software sold to government agencies. The investigation focuses on potential bid-rigging and overcharging for SAP technology sold to the U.S. military and government agencies since 2014.
The US Department of Justice (DOJ) has filed an antitrust lawsuit against Visa, accusing the payment giant of stifling competition through various anti-competitive practices. The lawsuit alleges that Visa has maintained its market dominance through questionable agreements with card issuers, merchants, and potential competitors, allowing it to collect billions in fees annually. Visa has denied the allegations and plans to vigorously defend itself in court.
Visa Inc. shares plummeted on Tuesday after reports emerged that the U.S. Department of Justice (DOJ) is preparing to file an antitrust lawsuit against the payments giant. The DOJ alleges that Visa has engaged in anti-competitive practices, including exclusivity agreements that prevent rivals from entering the debit card market.
