06.02.2025
While the higher-profile DOJ antitrust lawsuit against Google continues, the company has reached a provisional settlement over similar accusations from its shareholders.The shareholders' case concerned Google's search business as well
The shareholders' case concerned Google's search business as well as others
The Department of Justice continues to want Google to be broken up, and that case may be ruled on by August. But separately, shareholders led by two pension funds, took Google to court over antitrust violations, and according to Reuters, that case may now have been settled.
Google and the shareholders have reported agreed a settlement that will see the company commit half a billion dollars into overhauling its compliance structure. That investment is said to be spent over the next 10 years, though the settlement mandates that such compliance changes must stay in place for at least 4 years.
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