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Apple's $450 million e-book settlement gains court approval

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.

As was reported by Reuters:

During a hearing in Manhattan, U.S. District Judge Denise Cote approved what she called an "unusual" accord. It calls for Apple to pay $400 million to as many as 23 million consumers if the company's appeal of a ruling finding it liable for antitrust violations is unsuccessful.

This $400 million is Apple's settlement, which is separate from the settlements reached by the publishers themselves.

If you want more details on the e-book price fixing saga, be sure to read our prior coverage.

Source: Reuters

3 Comments
  • Where and how can we claim the settlement?
  • I am wondering this too.
  • Huh... I thought everyone on here said they didn't do anything wrong... To get your claim, I'll assume they'll send something in the mail like Sony sent me from their settlement... I'm waiting, Apple... Posted via the iMore App for Android