AG Reaches Agreement with Apple on E-Book Price Fixing - Articles

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Posted by: Brittany Sims on Jul 16, 2014

Tennessee Attorney General Bob Cooper yesterday announced a proposed settlement of claims for monetary relief against Apple Inc. related to its participation in a price-fixing conspiracy in the market for E-books. The settlement agreement, which remains subject to approval by the U.S. District Court for the Southern District of New York, would resolve claims for consumer damages brought by Tennessee and 32 other states and territories, according to a press release. Although the company insists it did nothing wrong, Apple agreed to the settlement, contingent on the federal appeal, the ABA Journal reports. If the court upholds last summer's bench verdict by a federal judge in Manhattan that Apple colluded with publishers, the company will pay $400 million.