TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Judge orders Apple to modify e-book contracts

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

By The Associated Press

Published: Saturday, Sept. 7, 2013, 12:01 a.m.

A New York judge has ordered Apple to modify contracts with publishers to prevent e-book price fixing and will appoint an external compliance monitor to review the company's antitrust policies.

The order was issued Friday by federal Judge Denise Cote. She ordered Apple to make changes to its contracts to ensure it does not repeat the kind of price fixing that resulted when it colluded with publishers in 2010.

The judge ruled in July that the collusion occurred despite Apple's insistence that it acted fairly. The Justice Department said Friday it was pleased with the order, and that consumers will benefit from lower e-book prices.

Spokesman Tom Neumayr said Apple will appeal the July decision.

He says Apple did not conspire to fix e-book pricing.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. GlaxoSmithKline discloses  bribery inquiries
  2. Higher fuel costs help established airlines, hinder startups
  3. Consol Energy transitions as leadership changes hands
  4. Yellen stresses need for Fed to be flexible
  5. Fed Beige Book survey: Growth picks up across most of U.S. but not in Pittsburgh region
  6. Mt. Gox bankruptcy protection rejected
  7. Factory output extends solid gains in March
  8. Gap outlines growth plans for China
  9. Region’s largest bank PNC posts 7% rise in 1Q profit
  10. Stocks climb for third day
  11. Robinson bakehouse invests time, love in artisan products
Subscribe today! Click here for our subscription offers.