Apple To Pay $450 Million In Settlement For Price Fixing E-Books

A federal appeals court stood by a 2013 decision that found the tech giant guilty of fixing ebook prices with publishers.Apple's last-ditch attempt to avoid paying $450 million to ebook buyers was just quashed, according to the Wall Street Journal. The Second U.S. Circuit Court of Appeals in Manhattan voted 2-1 on Tuesday not to overturn a July 2013 ruling that found Apple had fixed ebook prices in collusion with five major publishing houses.Read Full Story Continue reading at 'Fast Company'

[ Fast Company | 2015-06-30 00:00:00 UTC ]
News tagged with: #last-ditch attempt #ebook buyers #circuit court

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