Apple's $450 million e-books settlement gets final approval

The amount still depends on Apple losing an appeal on another ruling

A federal judge in New York has given final approval to a settlement in which Apple will pay $450 million for its role in a conspiracy to fix prices for e-books.

Judge Denise Cote of the U.S. District Court in Manhattan called the settlement "fair and reasonable." It requires Apple to pay $400 million to consumers who bought certain books between 2010 and 2012, as well as $50 million in attorneys' fees.

Although the settlement is final, Apple only has to pay that amount if it loses its appeal of a 2013 price-fixing ruling. If the appeal is successful, Apple will pay only $50 million to e-book purchasers and $20 million to attorneys.

A hearing on the appeal is scheduled for Dec. 15 in Manhattan. Lawyers for the e-book buyers have said they "strongly believe" that Apple's appeal won't be successful.

The iPhone maker was found guilty last year of conspiring with five big publishers to inflate prices for electronically downloaded books. The publishers -- Hachette, HarperCollins, Macmillan, Penguin and Simon & Schuster -- had already settled the charges against them for $166 million.

If Apple's appeal is unsuccessful, there will be $566 million in total to divide among the affected consumers. They include millions of people who bought certain books from the five publishers between April 2010 and May 2012.

There are more details about who qualifies for the settlement here, although the period when buyers could make a claim ended last month. Those who applied could get $6.54 for each New York Times bestseller they bought. It will be less than a dollar if Apple wins its appeal.

James Niccolai covers data centers and general technology news for IDG News Service. Follow James on Twitter at @jniccolai. James's e-mail address is james_niccolai@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags internetApplelegalentertainmentInternet-based applications and services

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

James Niccolai

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?