Apple has received a new damages claim of over $840 million dollars for conspiring with publishing companies to raise the price of ebooks across the entire industry. The claim, filed Friday in New York by an attorney leading a class action lawsuit on behalf of ebooks customers in 33 states, stems from the US Justice Departments successful antitrust lawsuit against Apple that took place in the summer of 2013. Using evidence presented during the course of that trial last year, attorney Steve Berman begins by arguing that Apple owes American ebooks customers a bare minimum of $231 million in damages, and probably far more money than that. The $231 million figure comes from an estimate provided by one of Apples witnesses during the trial, who said that Apples deal with publishers to use an agency model for pricing ebooks – an agreement under which publishers set the final price of ebooks that Apple would charge consumers, and Apple took 30 percent of each sale – resulted in a 14.9 percent increase in sales dollars.
Apple hit with $840 million damages claim for ebooks price fixing
02
Feb
2014
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