The link below is to an article reporting on the latest news concerning the Internet Archive Copyright case.
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The link below is to an article that reports on the news that Apple will settle in the ebook pricing lawsuit.
The link below is to an article reporting on Apple’s lawsuit settlement over ebook pricing.
Apple(s appl) has finally bowed out of a high stakes legal battle over ebooks and agreed to a settlement that could soon see the tech giant paying out millions to customers who purchased titles at online retailers like Amazon(s amzn) and Barnes & Noble(s bn).
According to a letter to the court filed in New York, and embedded below, Apple has reached an agreement with class-action lawyers and state attorneys general that will see the parties cancel a damages trial set for July.
The settlement is under seal for now and must be approved by the court, but is likely to be worth hundreds of millions of dollars. The money will come on top of the $160 million or so that the five publishers agreed to pay as a result of settlements reached last year.
Apple will, however, continue to appeal a jury verdict from last year in which U.S. District Judge Denise Cote…
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An appeals court this week refused to halt a trial that could require Apple(s aapl) to pay hundreds of millions of dollars over price-fixing, even as the company continues to deny any wrong-doing and seeks an appeal.
In a succinct order, the U.S. Court of Appeals for the Second Circuit said a trial can go forward on July 14 that will determine how much Apple should pay for brokering a conspiracy with book publishers to fix the price of ebooks.
In April, class action lawyer Steve Berman said, “Consumers could see a judgment of between $750 to $850 million,” as punishment related to Justice Denise Cote’s conclusion last year that Apple organized the scheme.
The five publishers who participated in the conspiracy have already settled, resulting in consumers receiving emails telling them of credits paid to their Kindle(s amzn) and Barnes & Nobel accounts. This week’s appeals court ruling means that those consumers are likely to receive emails notifying…
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The high-fives must have been flying at Amazon(s amzn) this morning: millions of the company’s customers got notices to spend credits at its Kindle store, and Amazon didn’t have to pay a cent. Meanwhile, rival Apple(s aapl) will likely underwrite an even bigger shopping spree for Amazon customers sometime yet year.
Welcome to the ironic denouement of l’affaire ebooks, which reached a climax in 2013 when a federal judge found that Apple had brokered a conspiracy with book publishers to fix prices. The legal tussle resulted in the publishers settling their cases — which is what paid for the customer credits that went out today — while Apple fought on alone.
For now, the biggest winner is Amazon, which already dominated the ebook market at the time of the price-fixing scheme in 2010. Today, as a result of lawsuits brought by the Justice Department and state governments, Amazon is in an even stronger position with the publishers; it will also get a healthy cut of the $160 million or…
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The Google Books lawsuit has sprung back into life with an appeal being launched by the Author’s Guild. I certainly don’t support this appeal. This lot don’t seem to get that Google Books has the potential to sell more copies of their works for a start.