Mealey's Antitrust/Unfair Competition - Apple Reaches $400M Settlement With States, Class In E-Books Antitrust Case

Mealey's Antitrust/Unfair Competition - Apple Reaches $400M Settlement With States, Class In E-Books Antitrust Case

NEW YORK - Apple Inc. has agreed to pay $400 million to 33 states and a certified class of consumers to settle claims that it conspired with publishers to fix prices of electronic books, according to a motion for preliminary approval filed July 16 in federal court in New York (In re Electronic Books Antitrust Litigation, No. 11-md-2293, S.D. N.Y. [State of Texas, et al. v. Penguin Group (USA) Inc., et al., No. 12-cv-3394, S.D. N.Y.]).

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