Tag: e-books

U.S. judge says she is troubled by Apple $450 million e-books deal

By Nate Raymond NEW YORK Thu Jul 24, 2014 9:58pm EDT (Reuters) – A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals. U.S. District Judge Denise Cote in Manhattan said she found “most troubling” a clause requiring Apple to pay only $70 million if an appeals […]

Apple agrees to conditional $450 million e-books antitrust accord

By Nate Raymond and Alison Frankel Wed Jul 16, 2014 1:21pm EDT (Reuters) – Apple Inc has agreed to pay $450 million to resolve U.S. state and consumer claims the iPad manufacturer conspired with five major publishers to fix e-book prices, according to court records filed Wednesday. The settlement, which would provide $400 million for consumers, is conditioned on the outcome of a pending appeal of a New York federal judge’s ruling last year that […]