In November 2014, a federal court approved a Settlement of antitrust lawsuits brought against Apple, Inc. (“Apple”) by State Attorneys General and Class Plaintiffs about the price of electronic books (“eBooks”). Those settlements resulted in credits for qualifying Kindle books purchased between April 1, 2010 and May 21, 2012. These credits are funded by Apple. …
When Apple launched its first iPad back in 2010, the company also unveiled an e-books marketplace. Federal courts say the company broke antitrust laws by setting prices with book publishers to target Amazon and its Kindle reader.Saeed Khan/AFP/Getty Imageshide caption When Apple launched its first iPad back in 2010, the company also unveiled an e-books marketplace. Federal courts say the …
The Supreme Court of the United States has declined to hear Apple’s appeal of a lower court decision that it conspired with five publishers to increase e-book prices. Apple must now pay $450 million as part of its anti-trust e-book settlement. Amazon, however, is probably grinning like the Cheshire Cat.