Wednesday, July 10, 2013

Judge says Apple conspired to raise prices on e-books

NEW YORK (Reuters) - A federal judge on Wednesday ruled that Apple Inc conspired to raise the retail prices of e-books, and said a trial for damages will follow.

The decision by U.S. District Judge Denise Cote in Manhattan is a victory for the U.S. government and various states, which the judge said are entitled to injunctive relief.

The publishers have already settled with the federal government on e-book pricing.

Cote ruled after a non-jury trial that ended on June 20.

(Reporting by Jonathan Stempel in New York; Editing by Gerald E. McCormick)

Source: http://news.yahoo.com/judge-says-apple-conspired-raise-prices-e-books-125645469.html

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