Apple settles ebook antitrust dispute with U.S. states, consumer group

Apple has reached an out-of-court settlement in the ebooks price-fixing lawsuit with U.S. states and a consumer group ahead of a trial for damages scheduled for July 14, according to records in a New York federal court.The iPhone maker will, however, continue its appeal of a verdict in July last year, in which U.S. District Judge Denise Cote of the U.S. District Court for the Southern District of New York ruled that Apple and five major U.S. publishers had conspired to raise prices in the ebook market to counter Amazon.com.((Until the appeal is finally disposed, “a bona fide justiciable dispute remains as to the District Court’s findings and conclusions on liability and injunctive relief,” wrote Steve W. Berman, counsel for the plaintiffs, in a letter on Monday to the judge. Any payment to be made by Apple under the settlement agreement will also depend on the outcome of the appeal, he added.To read this article in full or to leave a comment, please click here Continue reading at 'PC World'

[ PC World | 2014-06-17 00:00:00 UTC ]
News tagged with: #district court #southern district #raise prices #ebook market #settlement agreement

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