Apple’s $450M ebooks settlement deal questioned by judge

The judge presiding over the antitrust case involving Apple Inc.’s $450 million offer to settle an ebook price-fixing lawsuit is said some provisions of the deal could reduce consumers' recovery, Reuters reported. U.S. District Judge Denise Cote said Thursday during a teleconference that she is most troubled by a clause requiring Apple to pay a much smaller $70 million sum if an appeals court reverses her finding that the company is accountable for antitrust infringements, according to the article. The… Continue reading at 'Silicon Valley Business Journal'

[ Silicon Valley Business Journal | 2014-07-26 00:00:00 UTC ]

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