“The federal judge who ruled that Apple Inc violated antitrust law by conspiring with five major publishers to raise prices of e-books has scheduled a May 2014 trial to determine damages, according to an order made public on Wednesday,” Jonathan Stempel reports for Reuters.
“Absent an earlier resolution, U.S. District Judge Denise Cote in Manhattan would be expected at the trial to consider whether Apple should pay damages that could reach hundreds of millions of dollars,” Stempel reports. “Last month, Cote sided with the federal government and 33 U.S. states and territories in concluding that Apple conspired with the publishers to undermine pricing by rivals including Amazon.com Inc, which dominates the market for electronic books.”
Stempel reports, “The schedule for a possible trial on damages calls for the government and Apple to wrap up their interviews with experts by December 13. Court papers on whether to certify a class of plaintiffs must also be fully submitted by that date.”
Read more in the full article here.
MacDailyNews Take: Denise Cote is a hack and a pawn.
Appeal this idiocy all the way to the Supreme Court if need be.
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Still amazes me none of these legal idiots are pointing a finger at Amazon for slashing prices to nonprofitable levels to take over the market.
…so that Amazon can maintain their market monopoly.
https://petitions.whitehouse.gov/petition/stop-doj-and-save-consumer-choice-ebooks/GF68xsB7
We should support this petition to bring this to more people’s attention that the actions of this court are excessive to the crime and that they are not allowing competition and diversity as a result.
Apple should just announce that they are leaving the Ebook market and let amazon have their Kindle app on the app store. DOJ gets what they want which is an Amazon Ebook monopoly and Apple moves on.
I disagree. Apple can take this all the way to the Supreme Court if they wish. If they do lose after all that, then the court is say that it is okay to sell at a loss to control a market. Then they can then drop prices below Amazons and drive them out of business. Let’s face it Apple has plenty of cash for this. They only have to focus on bestsellers to take most of any revenue out of Amazon’s control. Since Amazon are working on a break even model, losing that revenue would seriously affect their results.
Amazon have Kindle apps on Apple’s two App stores; I use them. But I don’t plan on buying any more Kindle books from them, I’ll instead be giving first preference to the Publisher’s online stores and Apple’s iBook store from now on, regardless of price.
Ditto’s on that plan!
Denise Cote is trying to kill publishing. Kill the publishers and does Amazon survive? Yes, Bezos buys all the publishers at a firesale once Denise Cote has driven them out of business by making them sell everything below cost.
This is so stupid there are no words for it.