Sunday, July 5, 2026
28.5 C
New York

Swedish court delays judgement in Klarna unit’s antitrust case against Google.


A Swedish court has postponed delivery of its judgement in an $8.3 billion antitrust case brought by Klarna subsidiary PriceRuner against Google.

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Judgement in the case, brought by Nordic price comparison service PriceRunner, has been rescheduled from 15 April to 10 June because “additional time is needed to finalise the judgment,” says Sweden’s Patent and Market Court.

PriceRunner – which was acquired by BNPL giant Klarna in 2021 – says that its claim arises from a 2017 European Commission binding decision that Google abused its dominance in online comparison shopping. The decision was upheld without reservation by the Court of Justice of the European Union in 2024.

Seeking around $8.3 billion in damages – the largest civil damages claim ever filed in a Swedish court – PriceRunner alleges that Google “systematically demoted competing price comparison services in its search results while favouring its own Google Shopping product, causing sustained and quantifiable commercial damage to PriceRunner over more than a decade”.

In a statement on today’s delay, Klarna says: “The outcome of the proceedings is inherently uncertain. No assurance can be given that PriceRunner will succeed on liability or quantum.”

Google would also still be able to appeal any award.



Source link

Hot this week

EasyJet reaches ‘agreement in principle’ over takeover bid

EasyJet has reached an agreement in principle with...

World Cup boom falters as US hospitality jobs fall in June

A World Cup jobs boom in the US...

America In Focus: consumers still gloomy about economy; US hiring falls in June

The economy, inflation and how those forces could...

ClearBridge Select Fund Q1 2026 Commentary

ClearBridge Select Fund Q1 2026 Commentary Source link

Stansberry Asset Management Explains SMA Strategies

On the Inside SMAs podcast powered by Zephyr’s...

Latest Post

ClearBridge Select Fund Q1 2026 Commentary

ClearBridge Select Fund Q1 2026 Commentary Source link

How AI Is Redefining Personal Finance And Smart Investing Decisions | World DNA

From budgeting to stock picking, artificial intelligence is changing...

Stansberry Asset Management Explains SMA Strategies

On the Inside SMAs podcast powered by Zephyr’s...

EasyJet reaches ‘agreement in principle’ over takeover bid

EasyJet has reached an agreement in principle with...

America In Focus: consumers still gloomy about economy; US hiring falls in June

The economy, inflation and how those forces could...
Demo

Related Articles

Popular Categories

Demo