Wake Up Call: Apple Faces $85 Billion ‘Legal Reckoning’ in 2024 (Correct)

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• Apple is facing legal and regulatory decisions in the US and European Union that will determine the continued health of the tech giant’s $85 billion services arm, including its App store and Apple Music. The threats to Apple, led by the antitrust trial involving Google, represent “the biggest threat to the company’s business in years.” (Financial Times)
• Law firm merger activity increased “slightly” in 2023, with a boost in large-firm mergers and cross-border activity. A survey found ...