Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Apple cannot escape U.S. states' e-book antitrust cases - judge

Published 15/04/2014, 22:33
LAGA
-
CBS_old
-
AMZN
-
AAPL
-
NWSA
-

By Nate Raymond

NEW YORK (Reuters) - 2:AAPL on Tuesday lost an attempt to dismiss lawsuits by state attorneys general accusing it of conspiring with five major publishers to fix e-book prices.

U.S. District Judge Denise Cote's ruling paves the way for attorneys general in 33 states and territories to move forward, along with attorneys for consumers, in pursuing hundreds of millions of dollars in damages at a July 14 trial.

Following a non-jury trial, Cote in July found that Apple from 2009 to 2010 conspired with the publishers to raise e-book prices and impede competitors such as 2:AMZN.

The states had pursued the liability finding alongside the U.S. Justice Department without any objection by Apple and obtained a subsequent injunction against the iPad maker in September that called for the appointment of a compliance monitor.

But as the case moved into a damages phase, Apple argued that the states lacked standing to maintain an action for damages, arguing they had not alleged they had suffered any injury.

Cote, though, said it was easy to conclude the states had standing to move forward with the case.

"Apple has cited no authority to support the distinction it is advocating here between the standing to seek an end to an antitrust violation and the standing to seek damages for that violation," she wrote.

The states' case is being led by attorneys general in Texas and Connecticut. Jaclyn Falkowski, a spokeswoman for Connecticut Attorney General George Jepsen, said in an email that the office was pleased with the decision.

A spokesman for Apple did not immediately respond to a request for comment. The company has appealed the liability finding in the civil lawsuit and denies wrongdoing.

Attorneys for the plaintiffs are seeking $840 million in damages.

The publishers previously agreed to pay more than $166 million to settle related antitrust charges.

They included 9:LAGA's Hachette Book Group Inc, 2:NWSA's HarperCollins Publishers LLC, Penguin Group (USA) Inc, 1:CBS's Simon & Schuster Inc and Verlagsgruppe Georg von Holtzbrinck GmbH's Macmillan.

The case is In Re: Electronic Books Antitrust Litigation, U.S. District Court for the Southern District of New York, No. 11-md-02293.

(Reporting by Nate Raymond in New York; Editing by Jonathan Oatis)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.