Apple has asked the U.S. Supreme Court to overturn an appellate court decision which found the company guilty of conspiring to fix e-books prices, reports Reuters.
Apple asked the high court on Wednesday to review a June ruling that favored the U.S. Department of Justice, and found the company liable for engaging in a conspiracy that violated federal antitrust laws. If upheld, the decision would also force Apple to pay consumers $450 million under a 2014 settlement with 33 state attorneys general and consumers that was contingent on the company's civil liability being upheld.
In its petition, Apple said the guilty verdict contradicted Supreme Court precedence and would "chill innovation and risktaking".
"The Second Circuit's decision will harm competition and the national economy," wrote the company.
Before making the petition to the Supreme Court, Apple said, "While we want to put this behind us, the case is about principles and values. We know we did nothing wrong back in 2010 and are assessing next steps."
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Apple asked the high court on Wednesday to review a June ruling that favored the U.S. Department of Justice, and found the company liable for engaging in a conspiracy that violated federal antitrust laws. If upheld, the decision would also force Apple to pay consumers $450 million under a 2014 settlement with 33 state attorneys general and consumers that was contingent on the company's civil liability being upheld.
In its petition, Apple said the guilty verdict contradicted Supreme Court precedence and would "chill innovation and risktaking".
"The Second Circuit's decision will harm competition and the national economy," wrote the company.
Before making the petition to the Supreme Court, Apple said, "While we want to put this behind us, the case is about principles and values. We know we did nothing wrong back in 2010 and are assessing next steps."
Please follow iClarified on Twitter, Facebook, or RSS for updates.
Read More