Tuesday, March 3rd-5.8°C
25405
22746

Apple, electronic book publishers reach settlement on damages owed in price-fixing case

NEW YORK, N.Y. - Apple and several major publishers have reached a settlement on the damages owed in a case that concluded the companies illegally conspired to drive up the prices of digital books.

Terms of the settlement weren't disclosed in a document filed late Monday. Those details will emerge in a filing due by July 16.

Lawyers representing consumers across the country had been seeking up to $840 million in damages. A trial on the damages claims had been scheduled to begin Aug. 25 in federal court in New York.

In another trial last year, U.S. District Judge Denise Cote ruled that Apple and the publishers conspired to boost electronic book prices from April 2010 to May 2012.

The damages settlement is contingent on Apple Inc. losing its appeal of Cote's decision last year.

The Canadian Press


Read more Business News

25103


Recent Trending




Today's Market
S&P TSX15133.85-130.20
S&P CDNX702.30-2.05
DJIA18203.37-85.26
Nasdaq4979.901-28.195
S&P 5002107.78-9.61
CDN Dollar0.7999-0.0007
Gold1206.60+2.60
Oil51.59-0.55
Lumber294.00-0.40
Natural Gas2.699-0.035

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.600.00
Cantex0.035-0.005
Anavex Life Sciences0.175-0.005
Metalex Ventures0.0450.00
Russel Metals25.21-0.33
Copper Mountain Mining1.25-0.04
Colorado Resources0.1350.00
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.215-0.01

 



25320

FEATURED Property
2222273460 Perry Road
5 bedrooms 2 baths
$410,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...

_








Member of BC Press Council


24681