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Apple Settles E-Books Pricing Case With States, Consumers

“Apple Inc. reached a settlement with U.S. states and consumers seeking damages over the company’s fixing of electronic book prices, avoiding a trial in which it faced as much as $840 million in claims. The trial set for July involved cases related to a ruling last year that company had orchestrated an illegal scheme with publishers to raise e-book prices.

A federal judge in Manhattan today ordered Apple and its adversaries to submit a filing seeking approval of their accord within one month. Details of the agreement weren’t disclosed.” (via Bloomberg)

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