A federal judge ruled last month that Google is a monopolist, and on top of the penalties yet to come, the company may have to add a new multibillion-dollar problem to its list of headaches.
Along with the Justice Department’s proposed remedies, which could reportedly include breaking up the business, Google may also face multiple class action lawsuits from advertisers seeking monetary penalties as payback for years of inflated charges. All told, the mounting tab for the tech giant could exceed $100 billion, on top of possible lawsuits from competitors that could bring other penalties, according to a Tuesday note by Bernstein analysts.
