Settlements work out at $1.57 for the majority of e-books, increasing to $6.93 for New York Times bestsellers. Publishers involved in the suit include the Hachette Book Group, HarperCollins, Macmillan, Penguin Group, and Simon & Schuster — all of whom were found guilty of colluding with Apple to fix e-book prices.
A group of authors and booksellers are standing by Apple in its decision to ask the U.S. Supreme Court to overturn a ruling stating that Apple conspired to fix eBook prices when it launched its iBook store way back in January 2010.
The Authors Guild, Authors United, the American Booksellers Association, and Barnes & Noble have all banded together to file an “amicus brief” in the United States, arguing that the belief that Apple was taking place in “anti-competitive activities” was “misplaced.”
Apple has finally ditched its controversial antitrust monitor Michael Bromwich after two years of what Apple acknowledges has been a “rocky relationship.”
Bromwich was first installed in Cupertino back in October 2013, after Apple was found to have illegally colluded with five book publishers to raise e-book prices in a way that was deemed to have hurt Apple’s competition.
In a story that would, ironically, make a pretty good eBook holiday thriller, Apple has dredged up its seemingly-ended eBook pricing conspiracy lawsuit — asking the U.S. Supreme Court to overturn a ruling stating that Apple conspired to fix eBook prices when it launched its original iPad and iBook store in January 2010.
Yep, it’s the return of the lawsuit that will never end!
Apple was found guilty last year of colluding with publishers to raise ebook prices, but now that the antitrust case is being heard by the Second U.S. Court of Appeals, two out of the three appellate judges are starting to see things Apple’s way.
The appeals case kicked off this morning with Deputy Solicitor General Malcolm Stewart attempting to compare Apple to a driver taking a narcotics dealer to a drug pick up. The analogy was supposed to make the point that if Apple knew publishers were conspiring to fix ebook prices, it was just as guilty as them for facilitating the conspiracy. However, Fortune reports that Judge Denis Jacobs laughed off the analogy, pointing out that drug trafficking is one of the few “industries in which the law does not look with favor or new entrants.”
The comment drew a chorus of laughs in the courtroom, but Judge Jacob’s concerns went even further, as the the judge questioned whether the government should have even brought the case to court.
Apple’s negotiator-in-chief, Eddy Cue is out to clear the air surrounding the price-fixing conspiracy Apple was found guilty of by U.S. federal court in 2013, before the case hits an appeals court later this month.
Apple was found guilty of conspiring to raise ebook prices in 2011, after the launch of the iBookstore saw price of ebook new releases spike 17% overnight. Apple has maintained its innocence through the entire ordeal, and though the company has been criticized for its litigious nature, Cue says the company has to “fight for the truth,” no matter what.
U.S. District Judge Denise Cote has granted Preliminary approval to Apple’s proposed $450 million settlement for claims that it colluded with the five major U.S. publishers to increase e-book prices.
The settlement fee is still pending the appeal of Judge Cote’s 2013 ruling, but if it stands, Apple will pay $400 million to consumers and $50 million to lawyers. However, Judge Cote says she was deeply troubled by a provision that could see Apple pay as little as $70 million.
One year after being found guilty of e-book price fixing, Apple has reached a conditional settlement with the U.S. State to pay $450 million for its role in the price fixing conspiracy that involved five major publishers.
Apple’s settlement could bring $400 million back to consumers’ wallets, reports Reuters, but the court documents filed on Wednesday reveal that the company isn’t quite ready to throw in the towel yet, with hopes that its appeal will shrink that fee down to just $70 million.
I just switched from Kindle to Kobo. Why? Amazon. It’s currently extorting publishing house Hachette by delaying orders and refusing to allow pre-orders for certain titles. The exact machinations are secret, but many people agree that Amazon is demanding discounts on ebooks.
I don’t want to see authors forced to get a second job to survive, so I switched. No more Kindle ebooks. I switched to Kobo, which has a great e-ink reader, a deep book catalog, and – most importantly – breakable DRM.
The results are mixed, with ups and downs for both the service and the hardware.