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.

Share on facebook
Share on twitter
Share on reddit
Share on linkedin
Share on email
Share on whatsapp