Apple agrees to $450 million settlement in e-book case | iLounge News

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Apple agrees to $450 million settlement in e-book case

In the latest chapter of the e-book price fixing saga, Apple has agreed to pay a settlement of $450 million to resolve U.S. state and consumer claims, pending appeal in New York State, [via Reuters reports. Of that amount, $400 million is intended for consumers. Though the settlement was announced in June, the terms were not disclosed until now. If the 2nd U.S. Circuit Court of Appeals in New York reverses the ruling, the settlement amount could drop to $70 million, with $50 million for consumers, or be eliminated altogether.

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