This summertime , the 2d US Circuit Court of Appealsruledthat Apple breach federal antimonopoly jurisprudence by conspiring to fix the price of ebooks . The court call Apple ’s price fixing the “ supreme evil of antitrust . ” Today , the Supreme Courthas rejected Apple ’s appeal .
Apple owe $ 450 million to consumer who take part in a conditional class legal action settlement . And the Supreme Court rejection means it ’s time to give .
Apple Will Pay $ 450 Million for Conspiring to Fix Ebook Pricing
The casebegan in 2012 , when the Department of Justice filed an antitrust ailment against Apple . This ill said Apple conspired with major publishing companies to raise the price of ebooks above the $ 9.99 measure set by Amazon .
While Amazon almost got screwed , Jeff Bezos wo n’t be getting that $ 450 million windfall . Only attorney will get a substantial chunk of the settlement . The rest will be doled out in tiny amount to the up to23 million people eligiblefor buying more or less more expensive ebooks a few long time ago .
Update 12:29pm : An Amazon spokesperson charge Gizmodo this input about how the company will assist in getting eligible Kindle customers refunds : “ We are quick to distribute the court - mandate colony funds to Kindle customers as soon as we ’re learn to move forward . ”
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