Comment on Judge approves $450 mn deal in Apple ebook suit

Judge approves $450 mn deal in Apple ebook suit

San Francisco (AFP) - A US judge signed off on Apple's $450 million legal deal to compensate consumers harmed by an illegal price-fixing conspiracy for electronic books.The settlement negotiated to avoid trial in the civil case brought by authorities in 33 states calls on Apple to reimburse consumers to the tune of about $400 million and then pay legal costs and fees.The settlement was deemed by the court to be "fair, reasonable and adequate."In an unusual twist, the agreement is contingent on the upholding of a verdict in a July 2013 federal court ruling that Apple violated antitrust laws by orchestrating a conspiracy with five publishers to raise e-book prices.Apple is appealing the decision.If Apple's federal conviction is overturned, no money will be paid.

 

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