Apple Rejected by U.S. Supreme Court in $450 Million Ebook Case
Apple Inc. must pay $450 million to end an antitrust suit after the U.S. Supreme Court refused to question a finding that the company orchestrated a scheme to raise the prices for electronic books.
The justices, without comment, turned away an appeal by Apple, leaving intact a federal appeals court ruling favoring the U.S. Justice Department and more than 30 states that sued.
The rebuff means Apple must comply with a settlement it reached with the states in 2014. The accord calls for Apple to pay $400 million to ebook consumers, $20 million to the states, and $30 million in legal fees.