Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Sony slapped with nearly $8 billion lawsuit over PlayStation Store prices By: FOX Business November 22, 2023 at 18:14 PM EST London Tribunal rules that a nearly $8 billion consumer advocate lawsuit against Sony, maker of the popular PlayStation console and content in its online store, alleging abuse of dominant position, can move forward. A London tribunal ruled Tuesday that Sony must face a nearly $8 billion lawsuit over claims that the PlayStation maker abused its dominant position in the market by charging "excessive prices" to its customers. The U.K.’s Competition Appeal Tribunal ruled that Sony must face a lawsuit worth up to 6.3 billion pounds — roughly $7.9 billion — over the claims brought by Alex Neill, a consumer advocate who has worked on previous campaigns. Sony Interactive Entertainment (SIE) was sued last year on behalf of nearly 9 million people in the U.K. who had bought digital games or add-on content through Sony’s PlayStation Store. Neill’s lawyers said the aggregate damages estimate of the case was up to 6.3 billion pounds in court filings last month. Neill alleges that Sony required digital games and add-ons to be bought and sold only via the its online PlayStation Store, which charges a 30% commission to developers and publishers. The claim alleges customers have therefore paid higher prices for games and add-on content than they would have done. NEVADA CONSIDERS TAX CREDITS TO LURE SONY, FILM INDUSTRY TO LAS VEGASSony did not respond to FOX Business' request for comment. The company’s lawyers have previously argued that the case was "flawed from start to finish" and said it should be thrown out. The Tribunal ruled that Neill’s case could continue, though it said people who had made PlayStation Store purchases after the case was filed in 2022 should be removed from the proposed claimant class. CLICK HERE TO GET THE FOX BUSINESS APP"This is the first step in ensuring consumers get back what they’re owed as a result of Sony breaking the law," Neill said in a statement. "PlayStation gamers’ loyalty has been taken advantage of by Sony who have been charging them excessive prices for years." Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Sony slapped with nearly $8 billion lawsuit over PlayStation Store prices By: FOX Business November 22, 2023 at 18:14 PM EST London Tribunal rules that a nearly $8 billion consumer advocate lawsuit against Sony, maker of the popular PlayStation console and content in its online store, alleging abuse of dominant position, can move forward. A London tribunal ruled Tuesday that Sony must face a nearly $8 billion lawsuit over claims that the PlayStation maker abused its dominant position in the market by charging "excessive prices" to its customers. The U.K.’s Competition Appeal Tribunal ruled that Sony must face a lawsuit worth up to 6.3 billion pounds — roughly $7.9 billion — over the claims brought by Alex Neill, a consumer advocate who has worked on previous campaigns. Sony Interactive Entertainment (SIE) was sued last year on behalf of nearly 9 million people in the U.K. who had bought digital games or add-on content through Sony’s PlayStation Store. Neill’s lawyers said the aggregate damages estimate of the case was up to 6.3 billion pounds in court filings last month. Neill alleges that Sony required digital games and add-ons to be bought and sold only via the its online PlayStation Store, which charges a 30% commission to developers and publishers. The claim alleges customers have therefore paid higher prices for games and add-on content than they would have done. NEVADA CONSIDERS TAX CREDITS TO LURE SONY, FILM INDUSTRY TO LAS VEGASSony did not respond to FOX Business' request for comment. The company’s lawyers have previously argued that the case was "flawed from start to finish" and said it should be thrown out. The Tribunal ruled that Neill’s case could continue, though it said people who had made PlayStation Store purchases after the case was filed in 2022 should be removed from the proposed claimant class. CLICK HERE TO GET THE FOX BUSINESS APP"This is the first step in ensuring consumers get back what they’re owed as a result of Sony breaking the law," Neill said in a statement. "PlayStation gamers’ loyalty has been taken advantage of by Sony who have been charging them excessive prices for years."