A UK tribunal has approved a £260 million settlement between Google and app developers, ending a class action lawsuit over alleged excessive commissions. The settlement, agreed upon last week, marks a significant payout under the UK's collective action regime for competition abuses.
The approval of this substantial settlement signifies a landmark outcome for collective actions in the UK concerning competition law, potentially encouraging similar claims against dominant tech platforms and setting a precedent for future cases.
A UK tribunal has given its approval to a £260 million settlement that Google agreed to in a class action lawsuit brought by app developers over alleged excessive commissions. The Competition Appeal Tribunal cleared the settlement on Wednesday, marking a significant resolution to the long-standing dispute. The class representative, academic Barry Rodger, hailed the decision as a 'historic ruling,' emphasizing that it represents the largest payout ever approved by the tribunal under the 11-year-old regime that permits collective actions for competition abuses. The settlement was agreed upon by the parties last week.