Published in News

Apple planning to fight conspiracy damages

by on15 August 2013

Trial booked

Apple will get another day in court to argue why it should not be fined into a coma for conspiring with publishers to jack up the prices of ebooks. Jobs’ Mob was found guilty of antitrust law by conspiring with five major publishers.

Now the judge has scheduled a May 2014 trial to determine damages. US District Judge Denise Cote in Manhattan would be expected at the trial to consider whether Apple should pay damages that could reach hundreds of millions of dollars.

Cote had ruled on July 10 that Apple played a "central role" in the conspiracy with the five publishers, which caused prices for top-selling e-book titles to rise from the $9.99 that Amazon would charge to $12.99 or $14.99.

The judge is also considering injunctive relief to prevent Apple from engaging in another price-fixing conspiracy. So far Apple has denied it ever did anything wrong, so she is concerned that it might try to do it again.

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