Apple Inc. reached a settlement with U.S. states and consumers seeking damages over the company’s fixing of electronic book prices, avoiding a July trial in which it faced as much as $840 million in claims.
The federal judge who ruled that Apple Inc. conspired to fix prices of digital books proposed remedies she said would prevent the iPad maker from further harming competition in the e-books market.
Apple Inc. lost its bid to block consumers in 23 states and territories from suing as a group over e-book price fixing as they and state attorneys general seek as much as $840 million in damages.
"I knowingly and willfully joined the conspiracy by having discussions about how the bribe payments should be made to the head trader."
- Denise Cote on Dec 17, 2014