Apple $450 million e-book settlement wins court approval


Source: Reuters
Coverage Type: reporting
Location:
U.S. District Court for the Southern District of New York, 500 Pearl Street, New York, NY, 10007-1312, United States

Apple won preliminary court approval for its $450 million settlement of claims it harmed consumers by conspiring with five publishers to raise e-book prices.

In approving the accord, US District Judge Denise Cote in Manhattan overcame concerns she had expressed over a settlement provision allowing Apple to pay just $70 million if related litigation were to drag out.

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