Apple Conspired To Raise E-Book Prices, Court Rules
By Max Stendahl
Law360, New York (July 10, 2013, 10:28 AM ET) -- A New York federal court ruled Wednesday that Apple Inc. conspired with book publishers to raise the retail price of e-books, handing a stinging legal blow to the media and technology giant in a closely watched antitrust case brought by the U.S. government.
The dramatic ruling by U.S. District Judge Denise Cote followed a nonjury bench trial between June 3 and June 20. The U.S. Department of Justice and 33 states alleged Apple's distribution deals in 2010 with five top publishers — Simon & Schuster Inc.,...