U.S. Appeals Court Upholds Apple Ebook Settlement

A federal appeals court on Wednesday upheld Apple Inc's $450 million settlement of claims that it harmed consumers by conspiring with five publishers to raise ebook prices.

The 2nd U.S. Circuit Court of Appeals in Manhattan rejected a challenge by ebooks purchaser John Bradley to the fairness, reasonableness and adequacy of Apple's class-action antitrust settlement with consumers and 33 state attorneys general.

U.S. District Judge Denise Cote in Manhattan had approved the settlement in November 2014.