It's not wrong for retailers to discount books, and losing market share to a competitor is no excuse to fix prices or cheat consumers.
That's the message U.S. District Court Judge Denise Cote sent yesterday to Apple and the country's top book publishers, as well as e-book retailers.
In April, the Department of Justice filed suit and accused five of the country's largest book publishers of conspiring with Apple to raise e-book prices. Soon after, the DOJ reached a settlement agreement with three of the accused publishers. For months, the book industry attacked the settlement, … Read more