Apple violated antitrust law in ebook pricing

Apple Inc., the world's biggest technology company, violated antitrust law by engaging in a scheme to fix the prices of electronic books, a federal judge ruled in a suit brought by the U.S. government.U.S. District Judge Denise Cote, who tried the case without a jury, ruled against Apple in a decision filed today in federal court in Manhattan."The plaintiffs have shown that Apple conspired to raise the retail price of ebooks and that they are entitled to injunctive relief," Ms. Cote said in her opinion. The judge ordered a trial on potential damages.The U.S. sued Apple and five publishers in April 2012, claiming the maker of the iPad pushed publishers to sign agreements letting it sell digital copies of their books under what's known as the agency model. Under that model, publishers, and not retailers, set prices for each book, with Apple getting 30%.Apple, based in Cupertino, California, was the last defendant left in the case after the publishers avoided trial by settling.The settling publishers are Verlagsgruppe Georg von Holtzbrinck GmbH's Macmillan unit, CBS Corp.'s Simon & Schuster, Lagardere SCA's Hachette Book Group, Pearson Plc's Penguin unit and News Corp.'s HarperCollins. The No. 1 publisher, Random House Inc., wasn't involved in the U.S. suit. Continue reading at 'Crains New York'

[ Crains New York | 2013-07-10 00:00:00 UTC ]
News tagged with: #potential damages #cbs corp #simon schuster #lagardere sca #pearson plc #random house

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Apple, ebook publishers accused of price fixing

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[ Los Angeles Times | 2012-04-12 00:00:00 UTC ]
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US sues Apple over ebook 'price fixing'

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[ Stuff | 2012-04-12 00:00:00 UTC ]
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[ Los Angeles Times | 2012-04-12 00:00:00 UTC ]
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Antitrust officials reportedly sue Apple, publishers over ebooks

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[ Los Angeles Times | 2012-04-11 00:00:00 UTC ]
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Apple's Steve Jobs conspired on ebook price-fixing, lawsuits say

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[ Los Angeles Times | 2012-04-11 00:00:00 UTC ]
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DOJ accuses Apple, five publishers of colluding to fix ebook prices

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[ Betanews | 2012-04-11 00:00:00 UTC ]
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[ Engadget | 2012-04-11 00:00:00 UTC ]
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[ Betanews | 2012-03-16 00:00:00 UTC ]
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Lower ebook prices ahead as government threatens Apple, publishers?

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[ The Christian Science Monitor | 2012-03-10 00:00:00 UTC ]
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[ Betanews | 2012-03-10 00:00:00 UTC ]
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[ Los Angeles Times | 2012-03-08 00:00:00 UTC ]
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[ The Bookseller | 2011-08-23 00:00:00 UTC ]
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[ The Bookseller | 2011-05-05 00:00:00 UTC ]
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[ Los Angeles Times | 2012-04-11 00:00:00 UTC ]
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