Apple agrees to pay USD 400 mln if it loses e-book appeal

Thursday 17 July 2014 | 10:07 CET | News
Apple has reached a settlement to pay up to USD 400 million to resolve claims for consumer damages and civil penalties brought by 33 US states and territories for charging artificially inflated prices for e-books. The payment is contingent upon an upcoming court ruling on Apple's appeal of a July 2013 decision that found that the company violated antitrust laws by colluding with five publishers, Penguin, Holtzbrinck, Hachette, HarperCollins and Simon & Schuster. If the lower court's decision is upheld, Apple will pay USD 400 million plus USD 20 million in states' claims for costs, fees and

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Categories: Mobile & Wireless
Companies: Apple
Countries: United States
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