US Stock Market Move | Sony (SONY.US) drops more than 7% in pre-market trading as it faces a lawsuit for excessive fees in the PlayStation Store.

On Tuesday, Sony (SONY.US) fell more than 7% in pre-market trading, to $20.94. In news, it was reported that Sony is preparing to defend against a lawsuit amounting to 2 billion pounds (approximately 18.447 billion RMB). The lawsuit alleges that millions of PlayStation users in the UK were overcharged when purchasing games on the platform. The lawsuit claims that Sony stifles competition by banning competitive download systems and using its market power to charge game developers and publishers a 30% commission on digital purchases, with costs then passed on to consumers.