Apple's $450 million ebooks settlement gets final approval

A federal judge in New York has given final approval to a settlement in which Apple will pay $450 million for its role in a conspiracy to fix prices for ebooks. Judge Denise Cote of the U.S. District Court in Manhattan called the settlement “fair and reasonable.” It requires Apple to pay $400 million to consumers who bought certain books between 2010 and 2012, as well as $50 million in attorneys’ fees. Although the settlement is final, Apple only has to pay that amount if it loses its appeal of a 2013 price-fixing ruling. If the appeal is successful, Apple will pay only $50 million to ebook purchasers and $20 million to attorneys. A hearing on the appeal is scheduled for Dec. 15 in Manhattan. Lawyers for the ebook buyers have said they “strongly believe” that Apple’s appeal won’t be successful.To read this article in full or to leave a comment, please click here Continue reading at 'PC World'

[ PC World | 2014-11-22 00:00:00 UTC ]

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[ Publishers Weekly | 2025-05-02 04:00:00 UTC ]
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Federal Judge Won’t Block NEA from Imposing Speech Restraints on Grantees

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Financial pressure mounts on New York Times HQ building

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[ Publishers Weekly | 2024-12-23 05:00:00 UTC ]
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Florida Moves to Dismiss Publisher Lawsuit Over Book Bans

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[ Publishers Weekly | 2024-11-22 05:00:00 UTC ]
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How Book Bans Have Changed the Lives and Education of Librarians

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In Arkansas, Book Banners Dealt Another Legal Setback

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[ Publishers Weekly | 2024-10-03 04:00:00 UTC ]
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[ Publishers Weekly | 2023-12-29 05:00:00 UTC ]
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[ Publishers Weekly | 2023-12-22 05:00:00 UTC ]
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[ Publishers Weekly | 2023-11-13 05:00:00 UTC ]
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