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Apple found to have conspired to raise eBook prices

By staff and wire services reports
July 10th, 2013

A federal judge ruled Wednesday that Apple conspired to raise the prices of eBooks. The eBook publishers at issue — CBS’s Simon & Schuster, Hachette Book Group, Pearson’s Penguin Group, Macmillan and News Corp.’s HarperCollins — settled and didn’t go to trial. Apple held out, and the U.S. Department of Justice brought a civil antitrust suit against the company in 2012. The DOJ alleged that Apple and the publishers engaged in a “conspiracy” to team up against Amazon and fix the price of eBooks — and Apple was the ringleader of the deal…

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staff and wire services reports