Saturday, December 20th1.1°C
24295
23791

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

24200


Recent Trending




Today's Market
S&P TSX14468.26+121.51
S&P CDNX676.54+11.04
DJIA17804.8026.65
Nasdaq4765.38+16.983
S&P 5002070.65+9.42
CDN Dollar0.8618+0.0001
Gold1197.20+2.50
Oil56.50+2.39
Lumber336.20-0.70
Natural Gas3.446-0.196

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.03
Cantex0.03-0.005
Anavex Life Sciences0.1726+0.0026
Metalex Ventures0.05-0.005
Russel Metals25.58-0.42
Copper Mountain Mining1.55-0.02
Colorado Resources0.120.00
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.05-0.005
Mission Ready Services0.215-0.01

 
23744


20759

FEATURED Property
2136178850 Saucier Avenue
1 bedrooms 2 baths
$245,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


My final thoughts on real estate

This will be the last column I write on real estate. Largely because at the end of the year I will be handing in my license. After 20+ years of working in land development, resort development and rea...


Reflecting on the end of the year

The importance of the end of the year and the Christmas holidays is profound. It is a time to reconnect with family and traditions that have made us who we are. But the year-end has always been a time...


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...

_



24437




Member of BC Press Council


22842