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

Patent Agent with 1 year of chemistry experience

USA-CA-Palo Alto

Palo Alto office of our client seeks entry-level patent agent with 1 year of experience. The candida...

Apply Now

RELEVANT JOBS

Employment Law Associate

USA-NY-New York City

Fitapelli & Schaffer, a nationally recognized employment law and class action firm is seeking an ass...

Apply now

Legal Secretary / Assistant

USA-CA-Bakersfield

Small boutique litigation firm seeks a legal assistant with a minimum of two (2) years legal secreta...

Apply now

Associate Attorney

USA-CA-Los Angeles

Boutique law firm in Downtown Los Angeles looking to hire a family law attorney with substantial fam...

Apply now

Law Office Administrator / Manager

USA-CA-Beverly Hills

Responsible for handling, managing and overseeing all front and back office duties.  This ...

Apply now

SEARCH IN ARCHIVE

To Top