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Author Topic: Apple's $450 million e-book settlement gains court approval  (Read 352 times)
HCK
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« on: November 22, 2014, 03:00:27 pm »

Apple's $450 million e-book settlement gains court approval

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p><a href='http://www.imore.com/apples-450-million-e-book-settlement-gains-court-approval' title="Apple's $450 million e-book settlement gains court approval"><img src='http://www.imore.com/sites/imore.com/files/styles/large_wm_brw/public/field/image/2014/07/ibooks_itunes_cloud_iphone_5s_hero.jpg?itok=VTGGwmpz' />[/url]</p> <p>U.S. District Judge Denise Cote had approved Apple's agreement to settle its case where the iBooks-seller was accused of conspiring with five different publishers to raise e-book pricing for customers. The $450 million settlement had received preliminary approval back in August, and now the judge has fully approved it asking Apple to pay $400 million to as many as 23 million iBooks customers and $50 million to attorneys.</p> <!--break--> <p>As was reported by Reuters:</p>
<p>During a hearing in Manhattan, U.S. District Judge Denise Cote approved what she called an "unusual" accord. It calls for Apple to pay $400 million to as many as 23 million consumers if the company's appeal of a ruling finding it liable for antitrust violations is unsuccessful.</p>
<p>This $400 million is Apple's settlement, which is separate from the settlements reached by the publishers themselves.</p> <p>If you want more details on the e-book price fixing saga, be sure to read our prior coverage.</p> <p>Source: Reuters</p> </div></div></div><div id="comment-wrapper-nid-28525"></div><img width='1' height='1' src='http://tipb.com.feedsportal.com/c/33998/f/616881/s/40b8814e/sc/1/mf.gif' border='0'/><br clear='all'/>

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Source: Apple's $450 million e-book settlement gains court approval
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