Breaking News

U.S. Appeal Court Upholds That Apple Conspired to Fix eBook Prices
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

antitrust laws

Summary: Apple has lost their appeal against antitrust laws for eBook price fixing.

Apple has appealed their violation of antitrust laws, and again lost. The federal appeals court was divided in a 2-1 vote. The 2nd U.S. Circuit Court of Appeals decided ultimately that Apple did violate federal antitrust laws in a conspiracy with five publishers to fix prices on eBooks.

  
What
Where


“While we want to put this behind us, the case is about principles and values,” said Apple in a statement. “We know we did nothing wrong back in 2010 and are addressing next steps.”

They still have the option of appealing it, or otherwise will have to abide by an injunction placed upon them in 2013. The ruling legislated that Apple would have to pay consumers $450 million under a 2014 settlement.

Circuit Judge Debra Ann Livingston wrote for the majority saying that Apple “unreasonably restrained trade,” when it conspired with Lagardere SCA’s Hachette Book Group Inc, News Corp’s HarperCollins Publishers LLC, Penguin Group Inc, CBS Corp’s Simon & Schuster Inc and Verlagsgruppe Georg von Holtzbrinck’s GmbH’s Macmillan.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The dissenting vote, U.S. Circuit Judge Dennis Jacobs, wished to overturn the previous ruling, saying Amazon was pro-competitive in taking on Amazon, which commands 90 percent of the market. “Apple took steps to compete with a monopolist and open the market to more entrants, generating only minor competitive restrains in the process.”

Livingston nevertheless faulted this as in that it “endorses a concept of marketplace vigilantism that is wholly foreign to the antitrust laws.”



News Source: Reuters

 



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Tax Associate Attorney

USA-CA-Los Angeles

Los Angeles office of an AmLaw firm seeks mid-level tax associate attorney with 3-5 years of experie...

Apply Now

Real Estate/Transactional Attorney

USA-PA-Camp Hill

Camp Hill office of our client seeks real estate/transactional attorney with experience. The candida...

Apply Now

Corporate Attorney

USA-WY-Laramie

Laramie office of our client seeks corporate attorney with 2+ years of experience.

Apply Now

RELEVANT JOBS

Litigation Associate

USA-CA-San Francisco

Requirements Candidates should have two to five years of litigation and arbitration experience.&#...

Apply now

Paralegal

USA-NC-Jefferson

Growing law firm in need of a real estate paralegal. Ideal candidate will be organized, responsible,...

Apply now

Creditor's Rights / Collection Attorney

USA-IL-Chicago

Bannockburn, IL-based Regional Debt Collection Law Firm seeks consumer collection attorney with 1-4 ...

Apply now

Associate Attorney - Immigration

USA-NJ-Paramus

Entry-level associate with some experience in immigration law. Duties will include court appearances...

Apply now

SEARCH IN ARCHIVE

To Top