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.
A U.S. moratorium on deep-water oil and gas drilling may end sooner than Nov. 30 if evidence from hearings that start this week support lifting the ban, Bureau of Ocean Energy Management Director Michael Bromwich said.
Apple Inc. said a monitor appointed to oversee antitrust compliance at the company in the wake of its electronic books price-fixing case is “operating in an unfettered and inappropriate manner” and overbilling for it -- charging more than $138,000 in his first two weeks.
Apple Inc. antitrust monitor Michael Bromwich may continue his court-ordered duties after a judge rejected a bid by the computer maker to stop him from seeking out interviews with top company officials. Bromwich, a former U.S. Justice Department inspector general, was appointed in October to oversee the company’s compliance with terms of an electronic books price-fixing ruling. U.S. District Judge Denise Cote ruled Apple “played a central role” in the scheme and that it broke antitrust laws in its contracts with five of the six biggest book publishers.
Apple Inc., which faces as much as $840 million in state and consumer antitrust claims stemming from an electronic books lawsuit, lost its bid to halt oversight by a court-appointed compliance monitor.
Lifting the moratorium on deep-water oil drilling is too risky as companies have yet to show they are capable of preventing and containing spills following the BP Plc disaster, the main regulator for U.S. offshore drilling said.
Apple Inc. faces as much as $840 million in state and consumer antitrust claims related to electronic-book deals with publishers as it continues to oppose a court-ordered monitor in a related U.S. government case.
Apple Inc. failed to show that it was in the public interest to delay a court ruling appointing a monitor overseeing its sale of electronic books, a judge said in explaining a ruling announced earlier this week.