A federal appeals court today has upheld the 2013 ruling in Apple’s long-winded and high-profile ebooks case. The case, which centered around Apple price fixing content in the iBooks store, went through three years of litigation thanks mostly to Apple. Today’s ruling by a federal appeals court will see Apple pay $450 million in damages at long last.
“We conclude that the district court correctly decided that Apple orchestrated a conspiracy among the publishers to raise e-book prices,” Livingston explained. The conspiracy “unreasonably restrained trade” in violation of the Sherman Act, the federal antitrust law, she noted.
Last year, Apple started sending out iTunes Store credits to customers affected by the ebook pricing case, even though its own appeal was still pending at the time. When Apple initiated the appeals process, it explained that the ruling was a “radical departure” from modern antitrust law and that it was ignorant of any inter-publisher price fixing.
FTC: We use income earning auto affiliate links. More.