Jeffrey Blumenfeld speaks to The Capitol Forum about antitrust legislation‒apparently aimed at large tech companies‒pending in both houses of the New York State legislature that proposes giving the state’s attorney general broader authority to bring cases in state courts against companies for unilateral conduct. The legislation would create a new, tougher standard of “abuse of dominant position” and would allow class action suits and higher fines. “I’d give it better than a 50% chance [of passing],” Blumenfeld says. Noting that the new “abuse of dominant position” standard is similar to that in the EU, South Korea, Japan, and other countries, he adds, “I would expect strong tech opposition to this.”
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