Apple agrees to pay $450m settlement in ebook price fixing case

iPad manufacturer to pay damages contingent upon appeals court ruling over whether it conspired with publishers to fix pricesApple has agreed to pay $450m (£262.7m) in the US to settle claims the iPad manufacturer conspired with five major publishers to fix ebook prices.It came ahead of damages trial next month, in which US states and lawyers for a class of consumers were expected to seek up to $840m (£490m). The deal follows earlier settlements with five publishers Penguin Group, Harper Collins, Simon & Schuster, Hachette and Macmillan that provided $166m (£97m) for ebook purchasers. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2014-07-16 00:00:00 UTC ]

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