Wednesday, July 10, 2013

Reuters: Technology News: Judge says Apple conspired to raise prices on e-books

Reuters: Technology News
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Judge says Apple conspired to raise prices on e-books
Jul 10th 2013, 13:22

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A man looks at his Apple iPad in front an Apple logo outside an Apple store in downtown Shanghai March 16, 2012. REUTERS/Aly Song

A man looks at his Apple iPad in front an Apple logo outside an Apple store in downtown Shanghai March 16, 2012.

Credit: Reuters/Aly Song

NEW YORK | Wed Jul 10, 2013 8:56am EDT

NEW YORK (Reuters) - A federal judge on Wednesday ruled that Apple Inc (AAPL.O) conspired to raise the retail prices of e-books, and said a trial for damages will follow.

The decision by U.S. District Judge Denise Cote in Manhattan is a victory for the U.S. government and various states, which the judge said are entitled to injunctive relief.

The publishers have already settled with the federal government on e-book pricing.

Cote ruled after a non-jury trial that ended on June 20.

(Reporting by Jonathan Stempel in New York; Editing by Gerald E. McCormick)

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