According to Reuters, a judge gave the Federal Trade Commission (FTC), a second chance to defend its allegations of illegal monopolization against Facebook. He rejected the company’s motion for dismissal in a new filing filed on Tuesday, January.
According to Reuters, James Boasberg, US District Judge, granted Facebook’s earlier motion for dismissal over the summer. However, he allowed the FTC to amend its complaint to try again. A similar suit brought by a coalition of state attorneys general was also dismissed. However, the states indicated that they will appeal this ruling.
Boasberg submitted Tuesday’s filing saying that “The Federal Trade Commission’s first antitrust lawsuit against Facebook, Inc. failed to make it out of the beginning blocks, as the Court dismissed the Complaint in June.” Boasberg stated that while the core theory of the Commission remains unchanged in the updated complaint, the facts alleged to support those theories this time around are stronger and more detailed, especially in relation to the contours of Defendant’s alleged monopoly.
Boasberg dismissed the FTC’s initial complaint because it did not plausibly allege Facebook’s monopoly in the market it call the personal social network services market. .
You want more news? Get more news from CPI by signing up for the free CPI Daily Newsletter. You will receive headlines and updates about antitrust developments all around the globe.
Also Read:
, a second chance to defend its allegations of illegal monopolization....){kind=link}