'Valve sued in UK for allegedly overcharging 14 million PC gamers: Lawsuit seeks £656 million in damages'

Tech & AI | June 13, 2024, 11:13 p.m.

A new lawsuit filed in the UK claims that Valve, owner of Steam, has been overcharging 14 million PC gamers and abusing its dominant position in the market. The claim, made by Vicki Shotbolt, founder of Parent Zone, alleges that Valve has been unfairly shutting out competition in the PC gaming market by setting pricing restrictions and commission rates that harm consumers. The £656 million collective action claim is being pursued by Shotbolt's company, Vicki Shotbolt Class Representative Limited, with legal representation from Milberg London LLP. This lawsuit challenges Valve's longstanding grip on the market and seeks compensation for UK consumers affected by the alleged anti-competitive practices. The claim highlights issues such as price parity clauses, tying restrictions, and excessive commission rates imposed by Valve, which have led to inflated prices for PC games and add-on content. This lawsuit, along with similar actions like the one from Wolfire in the US, aims to hold Valve accountable for its market practices and provide consumers with a voice in seeking justice against big companies.