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.
Nick Guy
Nick Guy was an Accessories Editor at iLounge. He had reviewed thousands of iPhone, iPod and iPad accessories; provided visitors comprehensive evaluations of products on the industry-leading independent authority.