Judge Approves $450M Settlement For Apple's Ebook Price Fixing
An anonymous reader writes: On Friday a U.S. federal judge approved a settlement in the Apple ebook price-fixing case that could see the technology giant paying $450 million. $400 million of that would go to the roughly 23 million consumers thought to be affected by the price fixing, and the rest would go to lawyers. Though the case is now settled, the dollar amount is not necessarily final — an appeals court still has to rule on a previous verdict. If the appeals court finds in Apple's favor, then the total settlement drops to only $70 million. If they find against Apple, then it's the full amount. "The settlement appeared to reflect fatigue by Apple, the Justice Department, state attorneys general and class-action lawyers eager to conclude a case that has dragged on, largely because of delays by Apple."
$70 million then.
All hail Amazon, the winner by proxy of this fight
Democracy is a sheep and two wolves deciding what to have for lunch. Freedom is a well armed sheep contesting the issue
Either way, lawyers won :(
Mastering the English language is fucking easy: all you have to do is to put an f* word in every fucking sentence.
Total unadulterated nonsense. Apple comes to an agreement with some publishers to prevent Amazon from lowering prices, (or so the case says and I do not have a tendency to trust anything I hear, but lets assume that is thecase here). People still were buying through Apple but there is no monopoly on books, books can be bought in many formats. Apparently the market gave Apple enough profits as a reward for what they do to allow Apple to play hard, you know what? Amazon could easily raise enough money to fight this in the same market. They can find a publisher to work with them, nobody repealed the natural laws of competition yet. And maybe Apple has it right - people that buy their phones can buy books from them at Apple prices and also without having all the facts I am not at all convinced that Amazon was 'in the right' and Apple 'in the wrong', but what I do know is that the governments and the courts usurped this illegal authority with socialist / fascist nonsense like the Sherman act.
You can't handle the truth.
$450 million is nothing to Apple. They find that much under the cushions on the sofas in the Apple lounge. They spend more than that every week on KY and poppers.
You are welcome on my lawn.
Most Americans pay their fair share.
Couple weasels who hate America think they are so smart, creating and using tax loopholes for their own benefit.
Not surprise here, seeing Saudis, Russian and American oligarchs vacationing together and sending kids to the same Swiss schools.
For them USA is just a place to suck money from.
Common situation..... I get screwed out of buying all sorts of books because they are overpriced. I get to lose opportunity cost for all information I would have gained from those books, skimp on buying things I could have spent that money on, and then the punishment is that some day years and years from when it happened, I'll get a check in the mail for $3.75 and a robot-written-apology. Almost like a modern "k-thx-bye".
When do *I* get to pull shenanigans like this? Go steal and profit while living comfortably in the now, then pay a small percentage of my true profits and all the while I'm dodging taxes because I can teleport myself between 20 places with incorporation laws.....
But if *I* did that there would be JAIL. And the idea that no matter how much I make, it's ALL going to be taken as illegally obtains gains/funds. I'll even lose property I purchase with said money.
Yet this company just pays a small check which isn't even going to bother their bottom line? Keep their fancy new production facility paid for with over-priced illegally sold music? Why can't we auction off some of their assets too? Why can't I get justice like this but the second I put a dent in the paint of a huge corporation they can ruin my life and take all that I've got.
This world is seriously screwed up. I am just a serf..... nothing has changed.
this equates to a $17 Dollar mail-in rebate, which most people won't bother with (it's only $17), but given previous performances from Microsoft who have been handed down similar class compensation orders, the court will accept this form of payment offered.
They committed fraud. SOMEONE SHOULD GO TO FUCKING JAIL OVER IT.
Political debates have me rolling my eyes so much I think I got optical whiplash. I should sue. - Foamy The Squirrel
That should be $450Billion. YA need to make em bleed or they will just do it again!
Apple did not want to sell books at a loss.
They had to break the Amazon monopoly.
They did, so now they have to pay!
Should have been 450 Billion dollars.
Only that would get their attention.
As it stands, not even a Tough Titi.
Ha