By Jonathan Stempel NEW YORK (Reuters) – Apple Inc on Friday won preliminary court approval for its $450 million settlement of claims it harmed consumers by conspiring with five publishers to raise e-book prices. In approving the accord, U.S. District Judge Denise Cote in Manhattan overcame concerns she had expressed over a settlement provision allowing Apple to pay just $70 million if related litigation were to drag out. Apple has been appealing Cotes July 2013 finding, in a case brought by the U.S. Department of Justice, that it violated antitrust laws for colluding with the publishers to drive up e-book prices and impede rivals such as Amazon.com Inc . In June, Apple agreed to settle related class-action litigation brought on behalf of consumers and 33 U.S. states.
Apple $450 million e-book settlement wins court approval
02
Aug
2014
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