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Apple to pay $450 million in ebooks antitrust suit with US states


Apple will pay $450 million to as part of the US state lawsuit against it claiming it conspired to raise the price of ebooks to consumers. $400 million of that could be going back to consumers, which would add to an earlier $166 million book publishers agreed to pay out in an earlier settlement. This settlement proves that even the biggest, most powerful companies in the world must play by the same rules as everyone else, New York Attorney General Schneiderman said in a statement. In a major victory, our settlement has the potential to result in Apple paying hundreds of millions of dollars to consumers to compensate them for paying unlawfully inflated E-book prices. Apple did not immediately respond to a request for comment.

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