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Title: Judge approves Apple e-books price-fixing settlement Post by: HCK on August 03, 2014, 09:00:19 pm Judge approves Apple e-books price-fixing settlement
<article> <section class="page"> <p> A U.S. district court judge has given preliminary approval for Apple to pay a $450 million settlement for its role in an ebooks price-fixing conspiracy.</p><p> Judge Denise Cote of the U.S. District Court for the Southern District of New York on Friday approved the deal that would have Apple paying $400 million (http://news.techworld.com/applications/3531125/apple-agrees-to-pay-up-to-400-million-in-ebooks-price-fixing-case/) to affected ebook buyers and $50 million in attorneys fees in a class-action lawsuit, but only if Apple’s appeal of a 2013 price-fixing ruling by the New York court is rejected.</p><p> If the U.S. Court of Appeals for the 2nd Circuit reverses and remands the case back to district court, the settlement agreement approved by Cote would have Apple pay consumers $50 million and attorneys $20 million. If the appeals court reverses the 2013 decision by the New York court, Apple would pay no damages.</p><p class="jumpTag"><a href="/article/2460880/judge-approves-apple-e-books-price-fixing-settlement.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article> Source: Judge approves Apple e-books price-fixing settlement (http://www.macworld.com/article/2460880/judge-approves-apple-e-books-price-fixing-settlement.html#tk.rss_all) |