Judge 'troubled' by Apple $450M e-books deal

Jul 25, 2014, 6:55 AM EDT
The Apple logo hangs in front of an Apple store on July 23, 2013 in New York City.
AFP/Getty Images

A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc. conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals. U.S. District Judge Denise Cote in Manhattan said she found "most troubling" a clause requiring Apple to pay only $70 million if an appeals court reversed her finding that the company is liable for antitrust violations and sent it back to her for further proceedings.
U.S. judge says she is troubled by Apple $450 million e-books deal [Reuters]
Judge takes issue with Apple's $450M e-books settlement offer [CNET]

TAGS: Apple Inc.