Apple faces certified class action suit over e-book price conspiracy

Posted on Mar 29 2014 - 7:22pm by Huzoor Bux
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Yesterday, US District Court Choose Denise Cote granted category certification to plaintiffs during a lawsuit over Apple’s alleged e-book price-fixing.

Cote last year dominated that Apple led a conspiracy with publishers to raise e-book costs higher than those charged by Amazon. That lawsuit was filed by the Department of Justice, but there was additionally a class action suit filed on behalf of book patrons by the Hagens Berman law firm.

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“After a bench trial in two closely connected cases, defendant Apple Inc. was found to possess colluded with five major publishers to repair e-book prices, violating Section one of the Sherman Antitrust Act,” said Cote, a federal decide in the southern district of New York, in his call.
Plaintiffs sought class certification “in their action against Apple primarily based on the identical conduct” and “have more than met their burden” to ascertain that the certification should be granted, per the ruling (PDF).

“Virtually all class members paid inflated costs for e-books as a result of a centralized value-fixing conspiracy, and they need proffered a refined damages model to reliably determine damages,” she also wrote.

Cote’s ruling last year came with a vary of punishments meant to prevent future price-fixing, however the ruling didn’t include money damages. Plaintiffs in the category action suit are seeking additional than $800 million, in keeping with Reuters. A trial will doubtless take place in either July or September, Reuters wrote.

Apple appealed Cote’s ruling in the case filed by Justice officers, arguing last month that higher new unharness prices boosted competition which antitrust laws are not designed to “keep prices down at any cost.”

Although Apple fights on, Hachette, HarperCollins, Simon & Schuster, Macmillan, and Penguin all settled their cases and agreed to pay damages of more than $160 million. Amazon simply started issuing refunds created potential by those settlements.

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