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Apple conspired with publishers to artificially raise the price of e-books, the Second US Circuit Court of Appeals in Manhattan ruled today, upholding a verdict from 2013. Now that the company has lost its appeal, Apple is expected to pay $450 million, most of it to e-book customers. Apple agreed ...

3 days ago 0 Comments
June 30, 2015 at 11:51AM
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Apple, in its ongoing battle over an e-book price fixing scandal, has been dealt yet another setback. Last month, Judge Denise Cote ruled that Apple had violated antitrust laws in conspiring with publishers to raise e-book prices. Cupertino asked for a temporary suspension of her ruling while it s...

1 year ago 0 Comments
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The US Department of Justice may have only reached settlements with three of the five major publishers it had sued for allegedly fixing e-book prices, but it's improving its track record through a new deal with Penguin. Like its peers, the firm has agreed to end any pacts that prevent it from lowe...

2 years ago 0 Comments
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Believe it or not, but that whole e-book price fixing fiasco is still an ongoing issue for the Justice Department. New York's senior senator, Chuck Schumer wishes it wasn't however, he simply wants the DOJ to drop the case and walk away. In a lengthy (factually questionable) op-ed in the Wall Stree...

2 years ago 0 Comments