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Apple’s $450 million ebooks antitrust settlement approved by judge

02
Aug
2014

Apples $450 million ebooks case settlement received preliminary approval from US District Judge Denise Cote today, though the ultimate sum distributed to consumers will hinge on the outcome of Apples appeal. If the original verdict is upheld, $400 million will go to consumers that were harmed by the price-fixing scheme between Apple and book publishers, with $50 million directed to lawyers pockets. If Apple somehow pulls an upset and wins on appeal, the company wont have to pay anything. Should that play out, Apple will pay consumers $50 million, with lawyers still earning a healthy $20 million payday.

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