“Apple Inc. will find out sometime in the coming weeks whether it’s legally responsible for an alleged scheme to fix prices for electronic books, after an unusual three-week civil antitrust trial in Manhattan,” Bob Van Voris reports for Bloomberg News.
“U.S. District Judge Denise Cote, who heard the trial without a jury, will rule on U.S. claims that Apple, the world’s biggest technology company, led a conspiracy of five publishers to raise the retail price of e-books and to force Amazon.com Inc., the No. 1 e-book seller, to change its pricing model,” Van Voris reports.
“A group of states is also seeking fines and unspecified damages,” Van Voris reports. “If Apple is found liable, damages will be determined in a separate proceeding. A win for the government may fuel class actions by private plaintiffs seeking triple damages permitted under antitrust law.”
Read more in the full article here.
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