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.
Background:
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.
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