Apple Challenges DOJ's Antitrust Case Saying The Court Should 'Reject The Invitation To Forge A New Theory Of Antitrust Liability'
Portfolio Pulse from Ananya Gairola
Apple Inc. (NASDAQ:AAPL) is seeking to dismiss the DOJ's antitrust lawsuit, arguing that the complaint lacks allegations of anticompetitive conduct or monopoly power. The court's ruling on the motion to dismiss is expected later this year or early next year.
May 22, 2024 | 4:27 am
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Apple is seeking to dismiss the DOJ's antitrust lawsuit, arguing that the complaint lacks allegations of anticompetitive conduct or monopoly power. The court's ruling on the motion to dismiss is expected later this year or early next year.
The news indicates that Apple is actively defending itself against the DOJ's antitrust lawsuit. The outcome of the motion to dismiss will be crucial, but it is not expected until later this year or early next year. This creates uncertainty, but no immediate impact on the stock price is expected.
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