Monday March 07, 2016

U.S. Supreme Court Rejects Apple e-Books Price-Fixing Appeal

Now that the U.S. Supreme Court has refused to hear the case, it looks as though Apple will finally have to pay that $450 million settlement ordered by the 2nd U.S. Circuit Court of Appeals back in June of last year.

The U.S. Supreme Court on Monday declined to hear Apple Inc's challenge to an appellate court decision that it conspired with five publishers to increase e-book prices, meaning it will have to pay $450 million as part of a settlement. "Apple’s liability for knowingly conspiring with book publishers to raise the prices of e-books is settled once and for all," said Bill Baer, head of the U.S. Justice Department's antitrust division. Baer called the price-fixing conspiracy "cynical misconduct."