Menu
Judge approves Apple e-books price-fixing settlement

Judge approves Apple e-books price-fixing settlement

Apple's agreement to pay $400 million to consumers depends on the outcome of its appeal

A U.S. district court judge has given preliminary approval for Apple to pay a US$450 million settlement for its role in an e-books price-fixing conspiracy.

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 to affected e-book 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.

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.

The proposed settlement is "fair and reasonable," Cote wrote in her order. Lawyers for the plaintiffs in the case "strongly believe" a remand to the district court is unlikely, she noted.

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

The U.S. Department of Justice, in April 2012, filed an antitrust complaint accusing Apple and five book publishers of fixing the prices of e-books. Class-action law firm Hagens Berman Sobol Shapiro and several 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 servicesU.S. Court of Appeals for the Second CircuitU.S. District Court for the Southern District of New YorkHagens Berman Sobol ShapiroDenise Cote

Featured

Slideshows

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Reseller News has honoured the leading female front runners of the New Zealand ICT industry at the 2019 Women in ICT Awards (WIICTA) in Auckland. The awards recognised standout individuals across six categories, spanning Entrepreneur, Rising Star, Shining Star, Community, Technical and Achievement. Photos by Gino Demeer.

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA
Reseller News kicks off awards season in 2019 with Judges' Lunch

Reseller News kicks off awards season in 2019 with Judges' Lunch

The 2019 Reseller News Innovation Awards has kicked off with the Judges Lunch in Auckland with 70 judges in the voting panel. The awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors. Photos by Christine Wong.

Reseller News kicks off awards season in 2019 with Judges' Lunch
Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Show Comments