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In a major win for two class actions and Fortnite maker Epic Games, a judge has found that Apple and Google misused their market power in running app stores and in-app purchase systems.
The litigation funder behind a class action against engineering firm CIMIC took a $4.7 million hit to its commission from a settlement after a dispute with the plaintiff's law firm, according to a decision published Friday.
A judge has approved a $45.25 million settlement in a shareholder class action against engineering firm CIMIC over disclosures relating to its Middle East business.
The funder that backed a shareholder class action against engineering firm CIMIC that settled for $45.25 million will take a cut to its 25 per cent commission, but wants the court to find the commission would otherwise have been reasonable.
Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.
Insurers have won a challenge to a declaration that engineering firm CIMIC could make claims under policies for costs arising from corruption cases, including a $32 million class action settlement.
Google has slammed Fortnite game maker Epic Games’ landmark competition case against it as “contrary to commercial reality”, saying its competition with rival tech giant Apple means it is no monopolist.
In a landmark competition case, Apple has told the Federal Court that Epic Games and other developers should not be allowed to "freeride" on the resources and user base the tech giant has “spent many billions” to develop.
Epic Games has taken aim at Google for the “untruthful evidence” of its witnesses in the game maker's competition case against the tech giant, as well as its failure to call senior executives to the stand to defend itself.
Video game maker Epic Games has attacked as "entirely contrived" the defence by Apple in closing submissions in a Federal Court trial of its landmark competition case, pointing to the tech giant's lack of evidence, including from CEO Tim Cook.