Thursday, September 18th18.0°C
19716
22285

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

21196


Recent Trending




Today's Market
S&P TSX15465.54+6.66
S&P CDNX965.79-6.72
DJIA17265.99109.14
Nasdaq4593.426+31.237
S&P 5002011.36+9.79
CDN Dollar0.9135-0.0008
Gold1225.60-1.30
Oil93.02-0.05
Lumber349.00+1.00
Natural Gas3.978+0.003

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.32+0.07
Cantex0.060.00
Anavex Life Sciences0.2261-0.01
Metalex Ventures0.060.00
Russel Metals37.01+0.64
Copper Mountain Mining2.68-0.05
Colorado Resources0.175+0.005
ReliaBrand Inc0.024-0.003
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.30+0.01

 



23171

FEATURED Property
1949076412 - 4004 Bluebird Road
2 bedrooms 2 baths
$545,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...

_








Member of BC Press Council


22267