Google has agreed to a $700 million settlement to resolve a complaint filed by state attorneys general, accusing the tech giant of engaging in antitrust practices concerning its Android app store.
While the initial agreement was reached between the parties in September, the formal filing occurred late Monday night in a federal court in San Francisco.
The comprehensive settlement, encompassing all 50 states, designates a $630 million payout for U.S. consumers who made use of a payment system within Google’s Play Store, a system that the state attorneys general contended inflated prices for in-app purchases, The Hill reported.
The states alleged that the company engaged in overcharging customers and impeding “trade in the markets for Android app distribution.”
Google, which garners commissions ranging from 15 to 30 percent on in-app purchases, was accused by the states of inflating prices beyond what would occur in an open market for payment processing, as reported by The Associated Press.
Written by B.C. Begley
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B.C. Begley 