Major Supreme Court ruling allows iPhone owners to sue Apple for acting like a monopoly

CNN reports that the U.S. Supreme Court passed down a ruling on Monday that affects Apple and other companies that offer a closed operating...

CNN reports that the U.S. Supreme Court passed down a ruling on Monday that affects Apple and other companies that offer a closed operating system. By a 5 to 4 vote, the  Supreme Court ruled that plaintiffs in a huge class action suit against Apple can try to prove that the company acted as a monopoly by raising the prices of apps for the iPhone. This could be a very expensive decision against Apple; plaintiffs who win an antitrust suit can be awarded three times the amount of the damages that they are asking for.

The case dates back to a 2011 class action ...

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