The U.S. Justice Department is poised to sue Apple as soon as Thursday, accusing the company of violating antitrust laws by blocking rivals from accessing hardware and software features its iPhone, Bloomberg News reports citing “people familiar with the matter.”
Anna Edgerton, Kartikay Mehrotra, and Leah Nylen for Bloomberg News:
Apple shares fell as much as 1.4% to $176.10 in late trading on the news. They had been down 7.2% this year through Wednesday’s close.
The coming case will mark the third time that the Justice Department has sued Apple for antitrust violations in the past 14 years, but it is the first case accusing the iPhone maker of illegally maintaining its dominant position.
The lawsuit comes as Apple also is coming under increasing scrutiny in Europe over alleged anticompetitive behavior.
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