Apple Rejected by U.S. Supreme Court in $450 Million E-Book Case

Bloomberg:

Apple Inc. must pay $450 million to end an antitrust suit after the U.S. Supreme Court refused to question a finding that the company orchestrated a scheme to raise the prices for electronic books.

The justices, without comment, turned away an appeal by Apple, leaving intact a federal appeals court ruling favoring the U.S. Justice Department and more than 30 states that sued.

The rebuff means Apple must comply with a settlement it reached with the states in 2014. The accord calls for Apple to pay $400 million to e-book consumers, $20 million to the states, and $30 million in legal fees.

Whenever someone says Apple does things only for the money, they should examine this case. This was always about the principle. They could have settled years ago, but they truly believe they got the shaft on this, and fought it until the end.

(I think they got the shaft.)

★ Monday, 7 March 2016