Apple's $450M E-Books Settlement OK'd

By Max Stendahl (November 21, 2014, 4:16 PM EST) -- A New York federal judge on Friday granted final approval to Apple Inc.'s $450 million settlement with consumers over claims it conspired with publishers to raise e-book prices, a deal that includes a $30 million award for the plaintiffs' lawyers.

Judge Denise Cote approved the settlement during a hearing in Manhattan court. Under the pact, consumers will receive $400 million, state authorities who helped to litigate the case will get $20 million, and class counsel at Hagens Berman Sobol Shapiro LLP and Cohen Milstein Sellers & Toll PLLC will together receive $30 million.

The deal contains an unusual provision that allows...

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