Apple has agreed to pay $450 million to settle price-fixing allegations by the U.S. State and consumers. The government has been investigating claims that Apple conspired with five book publishers to fix prices of ebooks. Apple denied the charges, but leaked emails by Steve Jobs seemed to prove otherwise. It appears Apple wants this to go away as they have agreed to a conditional settlement.
The settlement could provide $400 million for consumers, but it is conditioned on the outcome of an ongoing trial in the 2nd U.S. Circuit Court of Appeals in New York.
"A ruling by the 2nd U.S. Circuit Court of Appeals in New York reversing the judge could, under the settlement, either reduce the amount Apple pays to $70 million, with $50 million for consumers, or eliminate payments altogether."
Apple still maintains they did nothing wrong.
The settlement could provide $400 million for consumers, but it is conditioned on the outcome of an ongoing trial in the 2nd U.S. Circuit Court of Appeals in New York.
"A ruling by the 2nd U.S. Circuit Court of Appeals in New York reversing the judge could, under the settlement, either reduce the amount Apple pays to $70 million, with $50 million for consumers, or eliminate payments altogether."
Apple still maintains they did nothing wrong.