Apple Loses Appeal in E-Books Price Fixing Lawsuit, Ordered to Pay $450 Million Fine


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the u.s. court of appeals second circuit today upheld 2013 decision found apple guilty of conspiring publishers raise prices of e-books, reports the wall street journal. apple expected pay $450 million fine set in july 2014 settle case, majority of settlement earmarked consumers part of class action lawsuit.

apple filed appeal in antitrust case in december 2014, , outcome expected favor iphone maker, although federal judge debra ann livingston determined company colluded publishers fix prices of e-books. decision finalized 2-1 ruling in second u.s. circuit court of appeals in manhattan on tuesday.
the wall street journal has shared full-length court document decision.

article link: apple loses appeal in e-books price fixing lawsuit, ordered pay $450 million fine
 

good. maybe discourage them trying force out free music streaming tiers market, well.
 


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