Menu
Apple agrees to pay up to $400 million in e-books price-fixing case

Apple agrees to pay up to $400 million in e-books price-fixing case

The amount Apple pays out depends on the outcome of its appeal of a 2013 antitrust ruling

Apple has reached a settlement in a long-standing case that accused the company of fixing the price on e-books, with the company paying up to US$400 million, depending on the outcome of its appeal in the case, a law firm has announced.

Apple would pay the $400 million in the class-action lawsuit if its appeal of a 2013 court ruling that found the company guilty of antitrust violations is dismissed, said class-action law firm Hagens Berman Sobol Shapiro, which is representing e-book customers in 19 states and four U.S. territories.

If the U.S. Court of Appeals for the Second Circuit reverses and remands the case back to district court, the settlement agreement calls for Apple to pay consumers $50 million to settle their claims, the law firm said. The U.S. Department of Justice and several state attorneys general would be free to continue pressing their claims if that happens, the law firm said Wednesday.

If the court of appeals reverses the 2013 decision by the U.S. District Court for the Southern District of New York, Apple would pay no damages, the law firm said.

The law firm believes the appeals court will uphold the lower court's decision, Steve Berman, managing partner of Hagens Berman, said in a statement.

Apple representatives didn't immediately respond to a request for comment on the settlement.

The DOJ, in April 2012, filed an antitrust complaint accusing Apple and five book publishers of fixing the prices of e-books.

Before this settlement, Hagens Berman and the state attorneys general have agreed to $166 million in settlements on behalf of consumers from the five publishing companies.

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's email address is grant_gross@idg.com.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags internetApplelegalantitrustU.S. Department of JusticeInternet-based applications and servicesCivil lawsuitsU.S. District Court for the Southern District of New YorkHagens Berman Sobol ShapiroSteve BermanU.S. Court of Appeals of the Second Circuit

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.‚Äč

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments