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New York

hrmjustin

(71,265 posts) Wed Jul 10, 2013, 01:50 PM Jul 2013

NY Judge: Apple Conspired To Raise E-Book Prices

Ny1News

A federal judge on Wednesday ruled Apple conspired with book publishers to raise e-book prices when the it entered the market in 2010.

Manhattan Judge Denise Cote says the evidence in the case left no doubt Apple broke anti-trust laws.

She says Apple knew no publisher could risk acting alone against Amazon.com's $9.99 price for the most popular e-books, so the company, "created a mechanism and environment that enabled them to act together in a matter of weeks to eliminate all retail price competition for their e-books."

The government previously reached settlements with five publishers.

Read more at http://www.ny1.com/content/top_stories/185260/ny-judge--apple-conspired-to-raise-e-book-prices

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