Apple, Alabama AG reach agreement in e-book price-fix damage cla - WSFA.com Montgomery Alabama news.

Apple, Alabama AG reach agreement in e-book price-fix damage claims

(Source: MGN Online) (Source: MGN Online)

Alabama Attorney General Luther Strange announced a proposed settlement of claims for monetary relief against Apple Inc. related to its participation in a price-fixing conspiracy in the market for E-books.

The settlement agreement, which remains subject to approval by the U.S. District Court for the Southern District of New York, would resolve claims for consumer damages brought by Texas and 32 other states and territories, as well as states' civil penalty claims.

Pursuant to the terms of the settlement, the amount to be received by consumers is contingent upon the resolution of Apple's appeal of the District Court's July 2013 finding that Apple violated the antitrust laws by orchestrating a conspiracy with five publishers to artificially raise prices for E-books between 2010 and 2012.

That appeal is currently pending before the United States Court of Appeals for the Second Circuit. Consumers nationwide (including those represented by private counsel in a related class action) will receive $400 million if the court's ruling is ultimately affirmed. If the appellate courts do not affirm the court's ruling, the settlement provides for a smaller recovery or no recovery if Apple is ultimately determined not to have violated the antitrust laws.

E-book purchasers nationwide have already received compensation from $166 million in settlement funds paid by the five publishers involved in the conspiracy –Penguin Group (USA), Inc. (now part of Penguin Random House); Holtzbrinck Publishers LLC d/b/a MacMillan; Hachette Book Group Inc.; HarperCollins Publishers LLC; and Simon & Schuster Inc.

PRESS RELEASE: Alabama Attorney General's office

  • Trending StoriesTrending StoriesMore>>

  • Woman loses home at auction to former attorney

    Woman loses home at auction to former attorney

    Saturday, April 21 2018 11:11 PM EDT2018-04-22 03:11:04 GMT
    Sunday, April 22 2018 5:23 AM EDT2018-04-22 09:23:15 GMT
    Sawyers watched her Florissant, MO, home go to auction Thursday. The highest bidder was her former attorney. (Source: KPLR/CNN)Sawyers watched her Florissant, MO, home go to auction Thursday. The highest bidder was her former attorney. (Source: KPLR/CNN)

    Sawyers watched her Florissant, MO, home go to auction Thursday. The highest bidder was her former attorney.

    More >>

    Sawyers watched her Florissant, MO, home go to auction Thursday. The highest bidder was her former attorney.

    More >>
  • Delta passenger fined $500 for apple

    Delta passenger fined $500 for apple

    Saturday, April 21 2018 1:01 PM EDT2018-04-21 17:01:03 GMT
    Saturday, April 21 2018 6:45 PM EDT2018-04-21 22:45:42 GMT
    adlock's healthy snack turned into a tough reality to stomach. (Source: KDVR/CNN)adlock's healthy snack turned into a tough reality to stomach. (Source: KDVR/CNN)

    Crystal Tadlock is not happy about the fine she said

    More >>

    Crystal Tadlock is not happy about the fine she said

    More >>
  • 4 dead, 4 others hurt in Waffle House shooting

    4 dead, 4 others hurt in Waffle House shooting

    Sunday, April 22 2018 5:55 AM EDT2018-04-22 09:55:32 GMT
    Sunday, April 22 2018 8:06 AM EDT2018-04-22 12:06:12 GMT
    Person of Interest Identified as Travis Reinking of Morton, ILPerson of Interest Identified as Travis Reinking of Morton, IL

    Four people were killed, and 4 others were injured in a shooting inside a Waffle House at 3571 Murfreesboro Pike. The shooting took place at approximately 3:30 a.m. Sunday. According to police at the scene, a white man who was naked except for a green jacket went into the restaurant and started firing. They described the gun he used as an AR-15. Police are still searching for him at this time. 

    More >>

    Four people were killed, and 4 others were injured in a shooting inside a Waffle House at 3571 Murfreesboro Pike. The shooting took place at approximately 3:30 a.m. Sunday. According to police at the scene, a white man who was naked except for a green jacket went into the restaurant and started firing. They described the gun he used as an AR-15. Police are still searching for him at this time. 

    More >>
  • NewsMore>>

  • The Latest: Barbara Bush buried at presidential library

    The Latest: Barbara Bush buried at presidential library

    Saturday, April 21 2018 10:44 AM EDT2018-04-21 14:44:47 GMT
    Sunday, April 22 2018 8:37 AM EDT2018-04-22 12:37:44 GMT
    (AP Photo/Evan Vucci). Attendees arrive at St. Martin's Episcopal Church for a funeral service for former first lady Barbara Bush, Saturday, April 21, 2018, in Houston.(AP Photo/Evan Vucci). Attendees arrive at St. Martin's Episcopal Church for a funeral service for former first lady Barbara Bush, Saturday, April 21, 2018, in Houston.

    Guests have begun to arrive at St. Martin's Church in Houston for the funeral of former first lady Barbara Bush.

    More >>

    Guests have begun to arrive at St. Martin's Church in Houston for the funeral of former first lady Barbara Bush.

    More >>
  • Laughter, tears as former first lady Barbara Bush remembered

    Laughter, tears as former first lady Barbara Bush remembered

    Saturday, April 21 2018 12:04 AM EDT2018-04-21 04:04:04 GMT
    Sunday, April 22 2018 8:37 AM EDT2018-04-22 12:37:32 GMT
    (AP Photo/Evan Vucci). Mourners pause as former U.S. first lady Barbara Bush lies in repose during the visitation of former first lady Barbara Bush at St. Martin's Episcopal Church, Friday, April 20, 2018, in Houston.(AP Photo/Evan Vucci). Mourners pause as former U.S. first lady Barbara Bush lies in repose during the visitation of former first lady Barbara Bush at St. Martin's Episcopal Church, Friday, April 20, 2018, in Houston.

    As the outpouring of tributes continues for Barbara Bush, the general public can pay its respects to the former first lady.

    More >>

    As the outpouring of tributes continues for Barbara Bush, the general public can pay its respects to the former first lady.

    More >>
  • Man killed in random knife attack at California steakhouse

    Man killed in random knife attack at California steakhouse

    Saturday, April 21 2018 5:44 AM EDT2018-04-21 09:44:08 GMT
    Sunday, April 22 2018 8:37 AM EDT2018-04-22 12:37:11 GMT
    (Ventura County District Attorney's Office via AP). This undated photo provided by the Ventura County District Attorney's Office shows Jamal Jackson. The homeless man has been charged with murder in a random stabbing attack in which a man was killed wh...(Ventura County District Attorney's Office via AP). This undated photo provided by the Ventura County District Attorney's Office shows Jamal Jackson. The homeless man has been charged with murder in a random stabbing attack in which a man was killed wh...

    A homeless man has been charged with murder in the death of a California father who was stabbed in the neck as his 5-year-old daughter sat in his lap in a crowded beachside steakhouse.

    More >>

    A homeless man has been charged with murder in the death of a California father who was stabbed in the neck as his 5-year-old daughter sat in his lap in a crowded beachside steakhouse.

    More >>
Powered by Frankly