2 days ago
LinkedIn settles antitrust lawsuit, agrees to contracting changes
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Business social network LinkedIn has agreed to make temporary changes to its contracting practices to settle a lawsuit by U.S. users who claimed it schemed to prevent potential rivals from entering the preliminary class action settlement, which does not include a financial payment, was filed on Friday in the federal court in San Francisco and requires a judge's was accused in the 2022 lawsuit of illegally fashioning some business contracts to bar third-parties from competing with the company, allowing it to overcharge for premium services and upgraded account plaintiffs said LinkedIn, now owned by Microsoft , was "effectively paying potential competitors not to enter the market."LinkedIn did not immediately respond to a request for comment. Microsoft was not a defendant. LinkedIn denied any plaintiffs' lawyers declined to the terms of the deal, LinkedIn said for three years it will not enforce provisions in current or future contracts for "application programming interfaces" that would restrict a third-party potential rival from contracts at issue in the lawsuit allowed LinkedIn business partners to access private user data "in exchange for restraints against competing with LinkedIn," according to the settlement plaintiffs said the pause would allow potential rivals to compete more effectively, facilitate reduced prices and increase consumer are about 9 million people in the settlement class, which includes LinkedIn members who purchased LinkedIn Premium services between January 13, 2018, and the present, according to the of the class can opt out of the settlement to sue individually for alleged damages, the settlement plaintiffs said they planned to present expert testimony at the time of final approval to show the overall value of the settlement, since there is no money being paid to LinkedIn plaintiffs' lawyers said they would seek up to $4 million in legal case is Todd Crowder et al v. LinkedIn Corp, U.S. District Court, Northern District of California, No. 4: plaintiffs: Yavar Bathaee and Brian Dunne of Bathaee Dunne; Christopher Burke of Burke LLP; and Carol O'Keefe of Korein TilleryFor defendant: Russell Cohen and Julia Chapman of Dechert
