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Thread: State Attorneys Say Apple Should Pay $840 Million Over E-Books Case

  1. #1
    MMi Staff Writer Akshay Masand's Avatar
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    Default State Attorneys Say Apple Should Pay $840 Million Over E-Books Case


    Apple was found guilty of conspiring with 5 major publishers to increase the prices of e-books last summer but so far hasn’t been put in the position to write a single check. This could change soon thanks to a newly-filed damages claim. Steve Berman, an attorney representing consumers and 33 states who linked up with DoJ’s case against Apple, says the company’s actions caused e-book buyers to spend an extra $280,254,374 and wants that tripled. Bloomberg reported the following:

    State attorneys general and consumers who sued the world’s most valuable technology company over its e-book pricing are seeking $280 million in damages and want that amount tripled, a lawyer for them said in a filing yesterday with the federal judge in Manhattan who presided over the U.S. case against Apple.

    The plaintiffs say they’re entitled to triple damages under antitrust law because the U.S. had already “conclusively proven” at a trial last year that Apple orchestrated a conspiracy to fix prices. The amount sought is 0.5 percent of the $158.8 billion in cash that the Cupertino, California-based company reported that it had as of the end of 2013.
    The US District Judge Denise Cote said that she will hold a trial later this year to address the damage sought by the states. For those of you who didn’t know, Cote is the Judge who found Apple guilty of e-book price fixing back in July, following a non-jury trial. She also found Apple liable to the 33 states that joined the US Justice Department in its lawsuit. The Justice Department didn’t ask for money in its case but it looks like the states are seeking major damages, which definitely makes things interesting.

    In the meantime, Apple seems to have a lot of other things on their plate as well. Next month, the company is set to face Samsung in the second round of its Northern California patent infringement battle. Apple ended up winning the first round, netting nearly $1 billion in damages. We’ll have to wait and see what happens going forward.

    Source: Bloomberg

    Twitter: @AkshayMasand

  2. #2
    Sometimes clever strategies doesn't work. Apple surely needs to pay that amount.

  3. #3
    How much will the consumers actually get I wonder?

  4. #4
    Nothing or 2 cents on each ebook u bought lol

  5. #5
    Quote Originally Posted by slaich View Post
    Sometimes clever strategies doesn't work. Apple surely needs to pay that amount.
    The only one that will come out ahead in this will be the Greedy Blood Sucking Lawyer pushing this case.

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    iPhone? More like MyPhone rockyseay's Avatar
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    Quote Originally Posted by tridley68 View Post
    The only one that will come out ahead in this will be the Greedy Blood Sucking Lawyer pushing this case.
    You can not allow Apple to just get away with what they did. The got to have some type of punishment

  7. #7
    Quote Originally Posted by tridley68 View Post
    The only one that will come out ahead in this will be the Greedy Blood Sucking Lawyer pushing this case.
    No one wins they will just up the prices of new devices to make it back and then some come on Apple you must have some tricks in your bag to beat this bum rap

  8. #8
    Quote Originally Posted by tridley68 View Post
    No one wins they will just up the prices of new devices to make it back and then some come on Apple you must have some tricks in your bag to beat this bum rap
    Are you kidding? Amazon made out like a bandit on this case, they got the publisher's setting the price stopped, a lock in on their monopoly and two of their biggest threats (Apple and B&N) neutralized.

    The biggest loser in all this, the consumer.

  9. #9
    Quote Originally Posted by scottjl View Post
    Are you kidding? Amazon made out like a bandit on this case, they got the publisher's setting the price stopped, a lock in on their monopoly and two of their biggest threats (Apple and B&N) neutralized.

    The biggest loser in all this, the consumer.
    How exactly do you figure that it's the consumer that's loosing at all when e-books can once again be sold at lower prices instead of at the artificially high prices that they were being hiked to?

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