BT welcomes ruling as £1.3 billion landline claim thrown out by tribunal
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BT Group PLC has successfully defended against a £1.3 billion class action lawsuit alleging overcharging of landline customers, as the Competition Tribunal dismissed the case.
December 19, 2024 | 1:30 pm
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POSITIVE IMPACT
BT Group PLC's stock may see a positive impact as the Competition Tribunal dismissed a £1.3 billion class action lawsuit alleging overcharging of landline customers.
The dismissal of a significant £1.3 billion lawsuit removes a potential financial liability for BT Group PLC, which could positively influence investor sentiment and lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100