Monday February 03, 2014

States: Apple Should Pay $840 Million Over E-Books

Look out Apple, all those e-book customers you screwed over are out for blood. eek! Thanks to Ocean for the heads up.

The plaintiffs say they’re entitled to triple damages under antitrust law because the U.S. had already "conclusively proven" at a trial last year that Apple orchestrated a conspiracy to fix prices. The amount sought is 0.5 percent of the $158.8 billion in cash that the Cupertino, California-based company reported that it had as of the end of 2013.

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