|Weekly News Digest
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Judge Rules Against Apple in Price-Fixing Trial
The ebook price-fixing trial that began on June 3 and ended 17 days later has finally come to a close with the release of Judge Denise Cote’s ruling on July 10. And the news isn't good for Apple.
In her decision, which includes a 159-page summary of the case, she writes:
Based on the trial record … this Court finds by a preponderance of the evidence that Apple conspired to restrain trade in violation of Section 1 of the Sherman Act and relevant state statutes to the extent those laws are congruent with Section 1.
The U.S. Department of Justice released a statement announcing the verdict: “This result is a victory for millions of consumers who choose to read books electronically. … Through today’s court decision and previous settlements with five major publishers, consumers are again benefitting from retail price competition and paying less for their e-books,” writes Bill Baer, assistant attorney general. “Companies cannot ignore the antitrust laws when they believe it is in their economic self-interest to do so. This decision by the court is a critical step in undoing the harm caused by Apple’s illegal actions.”
The court will soon schedule a hearing to discuss “the parties’ proposed remedies.” Baer notes that the Department of Justice’s Antitrust Division will continue to uphold its stance on the importance of competition in the publishing and other industries.
Source: U.S. Department of Justice
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