Find a Question:
Apple needs $ 450 million to pay after price fixing for e-books
The highest US court has decided to appeal that Apple noted not to take into consideration. This is a previous arrangement of power that certain Apple $ 450 million, converted to EUR 410 million, would pay if an appeal would come to naught.
If Apple was found innocent by the US Supreme Court held the company having to pay only $ 50 million in attorneys’ fees in accordance with a clause was included in the settlement proposal. There was , however, only a small chance that this would happen.
In June 2015 had a lower court Apple guilty on appeal found against this judgment to the renewed appeal focused on the highest US court. Reuters reports that the decision not to hear the case has the effect of which will maintain the judgment of 2015. It is not specified why the Supreme Court decided not to hear the case.
The case arose after Apple had tried to make arrangements with a standard with a number of publishers. Part of the agreement was that the publishers through a model-agency itself could determine the prices of e-books, with Apple 30 percent was due to the price. This strategy was intended to challenge the monopoly of Amazon in the market for e-books. However, according to the US Department of Justice had this behavior the character of price-fixing and they also had the effect of e-books prices rose .
Apple needs to pay the settlement amount to US consumers who are disadvantaged. Apple in 2012, already a compromise struck with the European Commission.Viewing:-143
Answer this Question
You must be Logged In to post an Answer.
Not a member yet? Sign Up Now »
Star Points Scale
Earn points for Asking and Answering Questions!