Apple settles with states, consumers for e-book price fixing | iLounge News

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Apple settles with states, consumers for e-book price fixing

Apple has settled with states and consumers seeking damages from the company’s role in fixing e-book prices, Bloomberg reports. The company avoids a trial set for next month in which the company faced up to $840 million in damage claims; terms of the settlement were not disclosed. A judge ruled last July that Apple conspired to raise e-book prices — the upcoming trial would have provided additional state-level consumer relief based upon the federal ruling. It’s noted that Apple still plans on appealing the original federal ruling, and unclear as to what consequences a successful appeal might have upon this settlement.

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