United States Judge 'Troubled' by Apple's $450 Million Settlement in E-Books Case

United States Judge 'Troubled' by Apple's $450 Million Settlement in E-Books Case

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A U.S Judge says she is concerned by Apple's $450 million settlement in the E-Books price-fixing case.

U.S. District Judge Denise Cote in Manhattan said she was concerned over provisions in the settlement that could drastically reduce the amount of money paid to consumers. A clause in the agreement requires Apple to pay only $70 million if an appeals court were to reverse her original decision.

Speaking on a teleconference, Cote questioned if that would be fair and what might happen if the appeals court reversed her ruling on a minor issue. She also took issue with the lack of any requirement for Apple to pay interest while the appeals go forward.

"I'm concerned about the terms of the settlement," she said


If Apple loses the appeal it would pay $400 million to consumers and $50 million to the states and plaintiffs' lawyers. If Apple's appeal is successful but the 2nd Circuit returns the case to Cote for further proceedings, Apple would pay just $70 million ($50 million would go to consumers).

If the 2nd Circuit reverses Cote's ruling outright, it would end the case, Apple would pay nothing.

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United States Judge 'Troubled' by Apple's $450 Million Settlement in E-Books Case
George - July 28, 2014 at 5:15am
NEWS FLASH!! Apple the richest company in the world got caught red handed in over charging isheeps on ebooks. Knowing that a huge lawsuit will follow decides to settle. Corporate greed at it best!!! Mindless isheeps will always defend that Apple did no wrong.
Ted - July 28, 2014 at 5:18am
News flash! Samsheeps still having tantrums and nightmares overs not facing their facts again and still manage to care to join here even though they're against apple. Isn't that logic for them, come here to bitch about their hate even if they know they lose but still can't take the truth because it all hurts up the ass! Did their master teach them to keep their heads out of their ass or forgot how way of reality works. Just another first troll problems in an infinitate loop. suck it.
Ted - July 28, 2014 at 5:18am
News flash! Samsheeps still having tantrums and nightmares over not facing their facts again and still manage to care to join here even though they're against apple. Isn't that logic for them, come here to bitch about their hate even if they know they lose but still can't take the truth because it all hurts up the ass! Did their master teach them to keep their heads out of their ass or forgot how way of reality works. Just another first troll problems in an infinitate loop. suck it.
George - July 28, 2014 at 5:22am
Hi mindless isheep......he he
Ted - July 28, 2014 at 5:25am
Not as much as this clueless brainwashed samsheep aka gorge where his home is, or to be clear, sTroll . LAWL
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