U.S. District Judge Denise Cote had approved Apple's agreement to settle its case where the iBooks-seller was accused of conspiring with five different publishers to raise e-book pricing for customers. The $450 million settlement had received preliminary approval back in August, and now the judge has fully approved it asking Apple to pay $400 million to as many as 23 million iBooks customers and $50 million to attorneys.
Previously requiring an invitation, subscription based e-book service Oyster has today gone live to all and brings a universal iPhone and iPad app to the App Store to make full use of it. If you read a lot of e-books, Oyster's $9.95 monthly subscription fee could be right up your street, with a library of over 100,000 books.
The United States Justice Department will have their day in court against Apple -- but they'll have to wait for June 3, 2013 to do it. If you're joining this story in-progress, the U.S. government has accused Apple of anti-competitive practices and collision with book publishers to "boost the prices of ebooks". Apple claims they're fighting to keep the market free from Amazon dominance.
Amazon Inc, which makes the Kindle e-reader, had long sold e-books for as little as $9.99. The government complaint quoted Apple's late co-founder Steve Jobs as wanting to offer publishers a means to boost prices, and "create a real mainstream e-books market at $12.99 and $14.99."
17 more American states have joined the class action lawsuit against Apple and publishers for e-book pricing collusion according to amended court documents. The new docs also revealed an e-mail from the late Steve Jobs describing how he saw the situation to the parent company of one of the conspiring publishers.
Apple, Penguin, and Macmillan haven't shown any signs of settling with the Department of Justice over charges of e-book pricing collusion issued yesterday, sources say. However, the other publishers in the suit, HarperCollins, Hachette, and Simon & Schuster, are likely to settle before the investigation goes any further.
The U.S. Justice Department has just slapped Apple and their various publishing partners, like HarperCollins, Macmillan, and Penguin, with chrages of e-book pricing collusion. Sources say that HarperCollins is in a hurry to get the issue settled as soon as today, but Penguin was ready to put up a fight in court.