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This article was published on July 16, 2014

    Apple reaches a tentative $450 million settlement in e-book price-fixing case

    Apple reaches a tentative $450 million settlement in e-book price-fixing case
    Roberto Baldwin
    Story by

    Roberto Baldwin

    Roberto Baldwin was a reporter for The Next Web in San Francisco between April 2014 and March 2015. Roberto Baldwin was a reporter for The Next Web in San Francisco between April 2014 and March 2015.

    Apple has reached a conditional agreement with the US Depart of Justice to pay $450 million to resolve claims that it colluded with five publishers to fix prices on e-books.

    Of the $450 million, $400 million would be dispersed to consumers.

    While the agreement has been reached, it’s conditional pending the ruling of the 2nd US Circuit Court of Appeals in New York. If the court reverses an earlier decision that Apple is liable for violating antitrust laws, it could reduce the the amount Apple has to pay or even find that Apple doesn’t have to pay anything.

    Apple agrees to conditional $450 million e-books antitrust accord [Reuters]