Apple Reaches Settlement in E-Books Pricing Case

Apple Reaches Settlement in E-Books Pricing Case

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Apple has reached a settlement with U.S. states and consumers over the company's fixing of electronic book prices, reports Bloomberg. This likely means the company will avoid a trial in which it faced damages of up to $840 million.

A trial had been set for July over a ruling last year that Apple illegally conspired with publishers to raise e-book prices.

A federal judge in Manhattan today ordered Apple and its adversaries to submit a filing seeking approval of their accord within one month. Details of the agreement weren’t disclosed. The U.S. government sued Apple and five of the biggest publishers in April 2012, claiming the maker of the iPad pushed them to sign agreements letting it sell digital copies of their books under a pricing model that made most e-books more expensive. Under the contracts, the publishers set book prices, with Apple getting 30 percent.

Steve Berman, a lawyer representing the plaintiffs, told Bloomberg that all the U.S attorneys general and consumers had settled the case. He filed a memorandum of understand with the court; however, it's under seal and can't be discussed yet.

Apple declined to comment on the settlement but it will continue to appeal the ruling.

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Apple Reaches Settlement in E-Books Pricing Case

Fukran John - June 17, 2014 at 11:35am
Greedy iCrap. Taking 30% fooling the Govt and other publishers. lol
Fukscrawn John - June 17, 2014 at 12:15pm
Desperate samshit. Making 30% of he facts your way like it's reality you wish like it is! LAWL
Fukran John - June 17, 2014 at 2:27pm
What ? Can you read what you were saying just now and let me know if you have understood yourself
DarkSide - June 18, 2014 at 4:17am
Don't try to decipher that incoherent nonsense it'll rot your brain.
Fukscrawn John - June 18, 2014 at 4:22am
@fj the only reason you read my comments on by your way it's read it's because you only understand your world of gibberish discrage. @ds Don't hurt yourself with mind rape on who's what here are you'll who's brain is actually rottening compared to getting facts straight before spewing their gullable rants.
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