Barron’s reports:
It’s been a busy end to 2023 for Google and its legal team.
The internet search giant, owned by Alphabet GOOG-0.25%, has agreed to settle a $5 billion consumer-privacy lawsuit, alleging it tracked the internet use of millions of people who thought they were browsing privately.
A federal judge in California put a scheduled February trial on hold following a preliminary agreement, in a court filing Thursday, Reuters and The Washington Post reported.
It’s the second settlement Alphabet has reached this month, after agreeing to pay $700 million and make changes to its app store to settle an antitrust lawsuit. Google also lost an antitrust court battle against Epic Games after a California federal jury decided it maintains a monopoly in its app store’s distribution and payments market. Google plans to challenge the verdict.
Read more at Barron’s
