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COMING UP:Share Opener Variant 3

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Transcript

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in a major legal setback for apple the US Supreme Court on Monday gave the green light for a sweeping anti trust lawsuit against the tech giant to move ahead apple shares fell about five percent after the High Court in a five four ruling upheld the lower court's decision allowing the class action suit brought by consumers the lawsuit claims apple is monopolizing the iPhone software applications market because it requires apps for the iPhone to be sold through its own app store in charges app developers a thirty percent commission for every sale , apple had argued that it is only acting as an agent for app developers and that they not apple are passing those charges on to consumers but the plaintiffs said since they pay apple not an app developer when buying an apple they were direct victims of the extra charges , conservative justice Brett Kavanaugh in a surprise move sided with the court's liberals in the five four decision in his majority ruling read from the fence Cavanaugh said the courts thirty year old decision limiting damages in a similar case was not a get out of court free card for multiple listing retailers the class action suit still in its early stages could you %HESITATION billions of dollars in damages against apple it's successful , apple said the decision could pose a threat to the AECOM worse industry