Apple Conspired With Book Publishers, Appeals Court Confirms

An appeals court in New York on Tuesday upheld a 2013 verdict that Apple organized an illegal conspiracy with five book publishers to raise the price of ebooks, noting that so-called horizontal price-fixing is "the supreme evil of antitrust."

The ruling ends a long-running legal fight between Apple and the U.S. Justice Department, and paves the way for Apple AAPL 0.58% to start issuing payouts to consumers in a related class-action settlement.