Judge Mulls 'Discount' Clause In $450M Apple E-Books Deal
Law360, New York (July 24, 2014, 6:18 PM EDT) -- A New York federal judge on Thursday cast doubt on Apple Inc.'s proposed $450 million e-books antirust settlement with the government, saying a provision of the deal that may result in Apple paying significantly less money depending on the outcome of an appeal could be unfair to consumers.
U.S. District Judge Denise Cote voiced several concerns about the settlement during a telephone conference with attorneys for Apple, the U.S. Department of Justice and various states. The settlement, which must be approved by the court, would avert the need for second trial over Apple's financial liability stemming from violations of U.S. antitrust...
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