{"id":21090,"date":"2016-03-07T08:52:01","date_gmt":"2016-03-07T16:52:01","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=21090"},"modified":"2016-03-07T08:52:01","modified_gmt":"2016-03-07T16:52:01","slug":"high-court-declines-apples-petition-lower-court-ruling-stands-apple-must-pay-400-million-ebook-conspiracy-case","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=21090","title":{"rendered":"High Court Declines Apple’s Petition, Lower Court Ruling Stands, Apple Must Pay $400 Million in eBook Conspiracy Case"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 NEW YORK<\/strong><\/span><\/p>\n

\n

 <\/p>\n

The U.S. Supreme Court<\/strong> declined to hear a petition by Apple, let stand a lower court’s decision, resulting in the software giant having to pay $400 million because it substantially raised ebook prices, the Justice Department announced today.<\/span><\/p>\n

Apple orchestrated a price-fixing conspiracy with five major ebook publishers, officials said.<\/span><\/p>\n

\"The
The U.S. Supreme Court<\/figcaption><\/figure>\n

The lawsuit, brought in the U.S. District Court of New York, alleged that Apple and the defendant publishers conspired to fix prices and end e-book retailers\u2019 freedom to compete on price. Also Apple and the other defendants succeeded in substantially increasing the prices that consumers paid for e-books, according to authorities.<\/span><\/p>\n

\u201cApple\u2019s liability for knowingly conspiring with book publishers to raise the prices of e-books is settled once and for all,\u201d said Assistant Attorney General Bill Baer of the Justice Department\u2019s Antitrust Division.\u00a0<\/strong> \u201cAnd consumers will be made whole.\u00a0 The outstanding work of the Department of Justice team \u2013 working with our steadfast state attorney general partners \u2013 exposed this cynical misconduct by Apple and its book publisher co-conspirators and ensured that justice was done.\u201d<\/span><\/p>\n

The Supreme Court\u2019s decision triggers Apple\u2019s obligation to pay $400 million to e-book purchasers under Apple\u2019s July 2014 agreement to settle damages actions brought by the attorneys general of 33 states and territories and a private class of ebook purchasers.\u00a0<\/span><\/p>\n

Most ebook purchasers will receive reimbursement for the higher prices Apple\u2019s conduct caused them to pay through automatic credits at their e-book retailers, according to officials.<\/span><\/p>\n

They will be able to apply these credits to future purchases.\u00a0<\/span><\/p>\n

With the $166 million previously paid by the conspiring publishers to settle claims against them, Apple\u2019s payment will bring to $566 million the amount repaid to e-book purchasers overcharged as a result of Apple\u2019s and the publishers\u2019 illegal conspiracy.<\/span><\/p>\n

\"U.S.
U.S. District Judge Denise L. Cote<\/figcaption><\/figure>\n

On April 11, 2012, officials said the department filed its civil antitrust lawsuit challenging Apple\u2019s orchestration of a price-fixing conspiracy with five e-book publishers: Hachette Book Group, HarperCollins Publishers L.L.C., Holtzbrinck Publishers LLC, Penguin Group Inc. and Simon & Schuster Inc.\u00a0<\/span><\/p>\n

The department reached settlements with the defendant publishers before trial and proceeded to trial against Apple.<\/span><\/p>\n

\u00a0U.S. District Judge Denise L. Cote<\/strong> presided over the case on June 3, 2013.\u00a0<\/span><\/p>\n

Judge Cote issued her opinion and order on July 10, 2013, finding Apple liable for orchestrating a conspiracy with the publishers, according to officials. \u00a0<\/span><\/p>\n

On June 30, 2015, the U.S. Court of Appeals for the Second Circuit<\/strong> affirmed Judge Cote\u2019s decision.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Supreme Court declined to hear a petition by Apple, let stand a lower court’s decision, resulting in the software giant having to pay $400 million because it substantially raised ebook prices, the Justice Department announced today.
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