Tags: apple | ebooks | prices

Judge Says Apple Conspired to Raise Prices on E-Books

Wednesday, 10 Jul 2013 09:59 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
In a decision that could reshape how books are sold on the Internet, a federal judge ruled that Apple Inc conspired to raise the retail prices of e-books in violation of antitrust law, and called for a trial on damages.

The decision by U.S. District Judge Denise Cote in Manhattan is a victory for the U.S. government and various states, which the judge said are entitled to injunctive relief.

Apple had been accused of colluding with five publishers to boost e-book prices beginning in late 2009, as the Silicon Valley giant was preparing to launch its popular iPad tablet.

The U.S. Department of Justice said this conspiracy was designed to undercut online retailer Amazon.com Inc's dominance of the fast-growing e-books market.

Only Apple went to trial, while the publishers - Lagardere SCA's Hachette Book Group Inc and Macmillan, News Corp's HarperCollins Publishers LLC, Pearson Plc's Penguin Group (USA) Inc and CBS Corp's Simon & Schuster Inc - settled with the U.S. government and the states.

Cote said the conspiracy resulted in prices for some e-books rising to $12.99 or $14.99, when Amazon had sold for $9.99.

"The plaintiffs have shown that the publisher defendants conspired with each other to eliminate retail price competition in order to raise e-book prices, and that Apple played a central role in facilitating and executing that conspiracy," Cote said.

"Without Apple's orchestration of this conspiracy, it would not have succeeded as it did in the spring of 2010," she added.

Apple did not immediately respond to a request for comment.

Cote issued her 159-page decision after a non-jury trial that ended on June 20.


© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Full Holiday Menu for Obamas, Plus 6 Pies

Thursday, 27 Nov 2014 20:59 PM

President Barack Obama spent a quiet Thanksgiving at the White House where the belly-stuffing menu featured all the holi . . .

NFL Urges Lame-Duck Congress to Renew Terrorism Risk Insurance

Thursday, 27 Nov 2014 20:21 PM

The National Football League has joined a growing coalition of business groups across the country to urge Congress to pa . . .

Alaska Pot Backer Ordered to Comply With Subpoena

Thursday, 27 Nov 2014 19:11 PM

A campaign-finance investigation is moving forward against an Alaska television reporter who quit her job on-air and vow . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved