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Apple Settles eBook Price Fixing Case

doj304Apple has settled a civil class-action lawsuit about eBook price fixing.

The Wall Street Journal has the scoop: “In a letter to U.S. District Judge Denise Cote, Steve Berman, an attorney representing consumers and some U.S. states, said Apple and the plaintiffs reached an agreement in principle. The exact terms of the settlement are under seal and need to be approved by the court. The plaintiffs had been seeking $840 million from Apple, claiming that the company overcharged consumers by $280 million for e-books and that it should have to pay three times that amount.”

Apple was found guilty of eBook price fixing in July 2013. A trial was scheduled for this July to determine the damages that Apple would have to pay. Apple lost an appeal in the eBook judgement back in February, and has since been pushing to delay the trial.

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