Wednesday, October 1st5.5°C
22738

Apple asks federal appeals court to overturn finding in antitrust case, or award new trial

NEW YORK, N.Y. - Apple filed papers on Tuesday telling a federal appeals court in New York that a judge's finding it violated antitrust laws by manipulating electronic book prices "is a radical departure" from modern antitrust law that will "chill competition and harm consumers" if allowed to stand.

Apple filed its formal written arguments before the Second U.S. Circuit Court of Appeals, asking the appeals court to overturn the judgment in Apple's favour, or grant a new trial in front of a different judge.

U.S. District Judge Denise Cote concluded last year that the Cupertino, Calif.-based company colluded with book publishers in 2010 to raise electronic book prices. She appointed Washington lawyer Michael Bromwich as monitor for two years after concluding Apple was not doing enough to ensure it no longer violated antitrust laws.

Apple's papers filed Tuesday refuted the antitrust finding, and said its entrance into the e-book market "kick-started competition in a highly concentrated market, delivering higher output, lower price levels, and accelerated innovation."

Apple had also filed a request that the monitor's work be suspended until the appeals court decides whether he was correctly appointed. A three-judge panel of the appeals court ruled earlier this month that he can once again take up his work but under the limits decided upon by Cote.

An email seeking comment from the Department of Justice was not immediately answered.

The Canadian Press


Read more Business News

22551


Recent Trending




Today's Market
S&P TSX14960.51-16.41
S&P CDNX909.29-3.47
DJIA17042.90-28.32
Nasdaq4493.39-12.462
S&P 5001972.29-5.51
CDN Dollar0.8919-0.0011
Gold1206.50-5.10
Oil89.83+0.07
Lumber333.20+0.30
Natural Gas4.134+0.013

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.26+0.03
Cantex0.065-0.025
Anavex Life Sciences0.184-0.001
Metalex Ventures0.0550.00
Russel Metals34.57+0.08
Copper Mountain Mining2.42-0.10
Colorado Resources0.165+0.015
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.32-0.02

 



20759

FEATURED Property
20880982-1881 Ambrosi
2 bedrooms 2 baths
$369,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


23266