📉 Nikkei is down nearly 5% -> here are 43 recession-proof Japanese stocks from our screenerUnlock Now

Apple takes Epic Games app store lawsuit to Supreme Court

Published 2023-09-29, 03:54 a/m
© Reuters.  Apple takes Epic Games app store lawsuit to Supreme Court
AAPL
-

Proactive Investors - Apple Inc (NASDAQ:AAPL) has petitioned the U.S. Supreme Court to overturn an order mandating changes to its app store regulations following an antitrust lawsuit by Epic Games, the developer of 'Fortnite'.

Starting in 2020, the legal feud began when Epic accused Apple of violating U.S. antitrust laws by imposing a 30% commission on in-app payments made through its App Store.

Although Epic lost its claims at trial, a U.S. District Court judge ruled Apple's ban on letting developers inform customers about alternative payment methods violated a California unfair competition law.

Apple was told by the trial court judge to alter these rules for all U.S. app store developers and although the U.S. Ninth Circuit Court of Appeal upheld these orders, they are on hold until the Supreme Court decides or declines the case.

Arguing the lower court orders overstep constitutional limits on a federal judge's power, the world’s largest company said the trial judge based their decision on a single developer's case instead of a broader group, leading to a nationwide ban without adequate justification.

"That approach eviscerates the constitutional limitations on federal courts’ authority and, unless corrected by this Court, would render universal injunctions the default remedy in single-plaintiff cases challenging a generally applicable policy," Apple wrote in its court filing.

Epic Games also appealed lower court decisions in the same case, with a Supreme Court decision expected later this year or early next year.

Read more on Proactive Investors CA

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.