Klarna It notified its investors on Wednesday (June 24) that a Swedish court had postponed for the third time its ruling in the antitrust case brought by its subsidiary Klarna. Price runner against Google.
Klarna said in a statement that the Stockholm Patent and Market Court has rescheduled the publication of its ruling from Friday (June 26) to July 1. Investor update.
“As with the two previous court notices, the rescheduling is a procedural decision by the court and relates only to the timing of the delivery of the ruling,” the company said in the statement. “In its notice, the court cited the heavy workload as a reason for needing additional time to finalize the ruling. No inference about the outcome should be drawn from it.”
Klarna said on April 10 Investor update The court rescheduled the publication of its ruling from April 15 to June 10, the company said on June 3 Investor update The court rescheduled the publication from June 10 to June 26.
PYMNTS reported in April that the trial lasted from October 20 to December 19, and that PriceRunner was seeking $8.3 billion in Antitrust Damages.
PriceRunner’s claim followed the European Commission’s 2017 decision that Google abused its dominance in online comparison shopping, and a 2024 ruling by the Court of Justice of the European Union that upheld that decision.
“PriceRunner alleges that Google systematically demoted competing price comparison services in its search results while favoring its own Google Shopping product, causing sustained and measurable business harm to PriceRunner over more than a decade,” Klarna said in a February press release.
In response to the lawsuit, a Google representative told AFP in October: “We strongly oppose this lawsuit and look forward to presenting our case in court.”
Google confirmed that it made substantive adjustments in 2017 to comply with EU requirements. The company said these changes succeeded in expanding participation, with the number of price comparison sites using its platform increasing from seven at the time to 1,550 in October.
Parent company alphabet He said in a recent regulatory filing that he faces Antitrust Private individual and class actions, actions and actions in the United States, across Europe and in other jurisdictions. “We believe we have strong arguments against these open allegations and will defend ourselves vigorously,” the company said.
