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.

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"we conclude district court correctly decided apple orchestrated conspiracy among publishers raise e-book prices," wrote second circuit judge debra ann livingston. conspiracy "unreasonably restrained trade" in violation of sherman act, federal antitrust law, judge wrote.

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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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