Judge Approves $450M Settlement For Apple’s Ebook Price Fixing

0
102

An anonymous reader writes: On Friday a U.S. federal judge approved a settlement in the Apple ebook price-fixing case that could see the technology giant paying $450 million. $400 million of that would go to the roughly 23 million consumers thought to be affected by the price fixing, and the rest would go to lawyers. Though the case is now settled, the dollar amount is not necessarily final — an appeals court still has to rule on a previous verdict. If the appeals court finds in Apple’s favor, then the total settlement drops to only $70 million. If they find against Apple, then it’s the full amount. “The settlement appeared to reflect fatigue by Apple, the Justice Department, state attorneys general and class-action lawyers eager to conclude a case that has dragged on, largely because of delays by Apple.” Read more of this story at Slashdot.

View original post here:
Judge Approves $450M Settlement For Apple’s Ebook Price Fixing

LEAVE A REPLY

Please enter your comment!
Please enter your name here

*