Judge Not Satisfied With Apple eBook Settlement

  • SHARES

By Dianna Dilworth Comments

doj304U.S. District Judge Denise Cote is not satisfied with the settlement that requires Apple to pay $450 million to  put an end to the eBook price fixing case.

Reuters has the scoop: “…she found ‘most troubling’ a clause requiring Apple to pay only $70 million if an appeals court reversed her finding that the company is liable for antitrust violations and sent it back to her for further proceedings.”

Apple was found guilty of eBook price fixing in July 2013. The company agreed to the settlement to avoid a trial after losing a number of appeals.