Giving the verdict in the e-book price-fixing case on Wednesday, US district judge Denise Cote said that Apple had conspired with five bigwig US book publishers to raise e-book prices. The lawsuit was filed against Apple by the US Department of Justice (DoJ) and 33 US states and territories in April 2012; and is one of the biggest anti-trust lawsuits ever brought by US federal authorities.
According to the DoJ's claims, Apple had connived with five book publishers - Hachette Book Group, Macmillan, HarperCollins Publishers, Penguin Group, and Simon & Schuster - in the e-book price-fixing case, with the key aim of challenging online retail biggie Amazon's dominance in the ebook market; and increasing e-book prices above Amazon's preferred $9.99 price tag.
The verdict - which exposes Apple to still-to-be-determined damages - comes after Apple decided to go to trial despite the fact that the five defendant book publishers had already worked out a settlement with the DoJ.
Finding Apple guilty of e-book price-fixing conspiracy with book publishers, Judge Cote said that Apple had played a "central role" in the conspiracy which marked a violation of the country's antitrust law.
Noting that Apple had orchestrated the e-book price-fixing conspiracy, Judge Cote said in her 160-page ruling: "Understanding that no one publisher could risk acting alone in an attempt to take pricing power away from Amazon, Apple created a mechanism and environment that enabled them to act together in a matter of weeks to eliminate all retail price competition for their e-books."
Dr. Who's Matt Smith hosted this Microsoft's Imagine Cup 2013 student technology competition in St. Petersburg, Russia. This year, three main prizes were awarded by Microsoft. Those prizes were awarded to the winners in the World Citizenship,...
Austrian authorities have asked Turkey to extradite an Austrian arrested recently. He is wanted...
At the 2013 Computex show in Taipei, Taiwan, chip giant Intel announced its next-generation...
Bigwig US carrier AT&T revealed in a Friday announcement that it is acquiring San-Diego-based prepaid wireless provider Leap Wireless International for $15 per share or approximately $1.2 billion in cash.
Dallas-based AT&T's offer...
China is posing risks to global economic growth as Premier Li Keqiang's three-month-old...
According to a recent report in the Wall Street Journal (WSJ), Web search giant Google is...
According to a CNET report, AT&T has sold out of its initial stock of the HTC First handset, which was widely touted as the Facebook phone, but witnessed dismal sales.
The report said that AT&T Mobility CEO Ralph de la Vega has...
According to new study, cell phone use reduces physical...
Tsunami has been discovered by two satellites on the...
Finnish handset maker Nokia's latest Windows Phone 8-...
© 2011 AustrianTribune - Tribune Online Services. All times CET (GMT + 1.00).