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

News

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.

« Nest Protect alarm returning to stores with lower price

Ive promises new device materials in NYT interview »

Related Stories

Comments

If you have a comment, news tip, advertising inquiry, or coverage request, a question about iPods/iPhones/iPad or accessories, or if you sell or market iPod/iPhone/iPad products or services, read iLounge's Comments + Questions policies before posting, and fully identify yourself if you do. We will delete comments containing advertising, astroturfing, trolling, personal attacks, offensive language, or other objectionable content, then ban and/or publicly identify violators.

Commenting is not available in this channel entry.
Sign up for the iLounge Weekly Newsletter

Email:

Recent News

Recent Reviews

Recent Articles

Sign up for the iLounge Weekly Newsletter

Email:

iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond.
iPod, iPhone, iPad, iTunes, Apple TV, Mac, and the Apple logo are trademarks of Apple Inc.
iLounge is © 2001 - 2014 iLounge, Inc. All Rights Reserved. Terms of Use | Privacy Policy