Apple has come to an agreement outside the courts to close an antitrust lawsuit, which alleges the company conspired with publishers to inflate ebook pricing for iPhone and iPad owners. The lawsuit was brought forward by 33 US states and by avoiding the upcoming trial on July 14, Apple has avoided a potential payout of $840 million in damages.
Both parties involved are expected to confirm the terms of settlement within 30 days. The lawsuit originated back in 2012 when the US Department of Justice accused Apple along with five publishers of ebook price fixing. The US states supporting the case are suing Apple on behalf of respective consumers, but individual class action lawsuits have been filed by individuals.
The publishers affected by the case include Hachette Book Group, HarperCollins Publishers, Penguin Group (USA) Inc, Macmillan and Simon & Schuster, They have agreed to pay over $160 million in settlement charges.
Apple maintains that the company has "not [conspired] to fix ebook pricing," and has appealed the judge's decision.
On ebook pricing. I checked: "A Million Ways to Die in the West" and under Hardcover it has an ebook price that is the same as iBooks, but under Nookbook it is $13.99(Huh?). Actually, the price-fixing was for books published by the publishers and not sold on Amazon, i.e.: Nook, and iBook.
If Apple insists they are not guilty of price fixing, why did they settle out of court? It's like yelling "I'm not guilty!", and then agreeing to pay a fine anyway.
Lol, Exactly :)
Oh, pull your head out of the Applehate smog. Companies settle out of court all the time to avoid further costs. A lot of tort lawyers count on this. It's why there's so many frivolous lawsuits in this country. It's cheaper to settle than fight. Courts aren't about guilt or innocence. They never were.
Apple was prepared to fight this all the way to the end: "Apple did not conspire to fix ebook pricing and we will continue to fight against these false accusations. When we introduced the iBookstore in 2010, we gave customers more choice, injecting much needed innovation and competition into the market, breaking Amazon's monopolistic grip on the publishing industry. We've done nothing wrong and and we will appeal the judge's decision." So what made them all of a sudden change their mind and stop their fight against this injustice? I think Apple KNEW they were fighting a losing battle based on the evidence collected against them. So you may be right in the aspect that Apple wanted a cheaper way out of the mess they created. It just seems strange to me that Apple was so bent on proving that the allegations were false, and now they just roll over and agree to a settlement. They should have settled out of court a long time ago instead of dragging this out.
I am surprise the writer of this blog didn't clarify the misconception of what he had written i. e. Is fighting al the way to the Supreme Court on the order handed down by cote. And presently they are appealing the judgement. And this is not the imore the know.
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