Court awards Klarna's PriceRunner $1.97B in Google antitrust case
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/4/2026
- Dow jumps to record closing high after soft US jobs data, Nasdaq down with chip shares
- Goldman's Garrett sees investors dialing back tech exposure into H2
- AI chip winners may face tougher road ahead as hyperscalers catch up: JPM
- Oil gains on short-covering buys ahead of US holiday
- Rivian stock jumps 5% on raised delivery outlook
Klarna has received a favorable ruling in PriceRunner litigation, awarding damages of $1.97 billion
July 1, 2026 7:19 AM EDTNEW YORK--(BUSINESS WIRE)-- Klarna Group plc (NYSE: KLAR) today announces that the court has ruled in PriceRunners favor, awarding $1.97 billion in damages in an antitrust case brought by PriceRunner against Google. The award compensates for lost revenue caused by Google's preferential treatment of its own comparison-shopping service over independent price-comparison services, conduct that also drives up costs for consumers.
"When markets work well, everyone benefits. Consumers get higher quality at lower cost, companies stay focused on serving customers rather than defending position, and society is better off for it. This ruling... More
