Apple agrees to $450 million dollar settlement in e-book antitrust case
Apple has resisted settling with the government over charges that it conspired with publishers to fix e-book prices. While its alleged co-conspirators have already opted to pay up and move on, Cupertino has been steadfast in maintaining its innocence. Though, it seems the tech giant has grown weary of the constant court battles and is ready to settle. The Department of Justice and Apple have a agreed to a preliminary settlement of $450 million, $400 million of which would be set aside and returned to consumers. There is still an appeal pending, however, which could either reduce the penalty or eliminate the payment entirely. But if Apple loses the appeal (and its success in court has been mixed at best in this case) it will be on the hook for the entire $450 million.
