PriceRunner Launches $2.4B Anti-Competition Claim Against Google - Litigation Finance Journal

[Gunnar Larson]

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https://litigationfinancejournal.com/pricerunner-launches-2-4b-anti-competition-claim-against-google/



PriceRunner Launches $2.4B Anti-Competition Claim Against Google

After a seven year investigation, the European General Court upheld a $2.7B
fine for Google’s breach of antitrust laws, for providing Google Shopping
preference over competitors. Now the Swedish price comparison company,
PriceRunner, has filed its own $2.4B claim against Google for cultivating
anti-competitive behavior that allegedly disenfranchised PriceRunner’s
business.

CNBC.com reports
<https://www.cnbc.com/2022/02/07/pricerunner-sues-google-for-2point4-billion-over-alleged-antitrust-breach.html>
that
PriceRunner views the claim against Google as part of a pattern of
anticompetitive behavior that has caused significant consumer suffering and
has stifled entrepreneurial innovation. Furthermore, PriceRunner suggests
that Google has not complied with the European Union’s ruling on abusing
its search engine’s dominant position.

PriceRunner was recently acquired by the fintech firm Klarna. Similar to
purchasing a litigation claim, PriceRunner’s new owners want Google to pay
for PriceRunner’s lost revenue in the United Kingdom, Sweden and Denmark.
The theme of reverse regulatory arbitrage is seemingly what PriceRunner
hopes to profit from regarding this claim.
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