At a hearing last week, District Court Judge Denise Cote denied Apple's request to put the monitoring on hold until its appeal of her ruling is complete. Last July, Cote found Apple violated antitrust laws, orchestrating a conspiracy to fix the prices of e-books. She then appointed an external monitor to keep tabs on the company's compliance with … Read more
Apple strenuously argued against having a monitor, but the U.S. Department of Justice, which in July won an antitrust lawsuit against Apple, said that it was essential to make sure the electronics giant didn't violate antitrust laws again.
"By appointing an external monitor to ensure future compliance with the antitrust laws, the court has helped protect consumers from further misconduct by Apple," … Read more
A federal judge has scheduled the trial to determine the damages Apple owes in its e-book price-fixing case for May 2014.
Judge Denise Cote of the U.S. District Court in the Southern District of New York scheduled the trial Tuesday, according to an order released to the public Wednesday. The new trial is the companion proceeding to last month's decision, in which Cote ruled that Apple played a central role in a conspiracy with publishers to eliminate price competition for e-books.
Apple said at the time that it would appeal Cote's decision. CNET has contacted Apple for … Read more
Apple, during the three-week trial last month in New York, warned that a verdict against the company could have a negative impact on how deals are negotiated in the U.S. and "send shudders through the business community." Its attorneys argued that companies would have to hold "hermetically sealed" meetings so no other companies know they're taking place, and all deals would have to have very different terms.… Read more
Pressure seems to be mounting for Apple in the e-book lawsuit brought against it and five publishers by the U.S. Justice Department.
With less than two weeks before the trial is set to start, the judge presiding over the case said Thursday she thinks evidence will establish that Apple indeed colluded with the publishers to fix e-book prices, according to Reuters.
"I believe that the government will be able to show at trial direct evidence that Apple knowingly participated in and facilitated a conspiracy to raise prices of e-books, and that the circumstantial evidence in this case, including … Read more
Apple violated antitrust laws by colluding with book publishers to raise the price of e-books in an effort "to strip retailers of pricing authority," federal prosecutors said in a court filing released Tuesday, according to Bloomberg.
In an antitrust lawsuit filed by the U.S. Department of Justice in April 2012, the government accused Apple and five book publishers of conspiring to illegally fix e-book prices to boost profits and force e-book rival Amazon to abandon its discount pricing. All five of the publishers involved -- Hachette Book Group, HarperCollins Publishers, Simon & Schuster (owned by CBS, which … Read more
Samsung and LG Display have been fined by the Chinese government over charges that they fixed the prices of LCD panels.
China's National Development and Reform Commission fined Samsung $16.2 million and LG $18.6 million, according to the Yonhap News Agency.
Also included in the fines for price fixing were four Taiwanese firms: Chi Mei Optoelectronics, AU Optronics, Chunghwa Picture Tubes Ltd., and HannStar Display. The total fine levied against all six companies reached $56 million.
The display makers were accused of fixing prices on LCD panels that they sold to Chinese TV makers from 2001 to … Read more
Penguin has become the latest book publisher to settle federal charges of e-book price-fixing, leaving only Apple and Macmillan to fight the Justice Department allegations.
In an antitrust lawsuit filed in April, federal prosecutors accused Apple and five book publishers of conspiring to artificially hike prices. The same day, the Justice Department announced it had reached settlements with three publishers but said Apple and the other two publishers had opted to fight the charges. Lagardere SCA's Hachette Book Group, News Corp.'s HarperCollins Publishers, and Simon & Schuster (owned by CBS, which publishes CNET) agreed to settle.
Penguin added … Read more
If you've been a regular buyer of Kindle e-books for the last couple of years, Amazon has what might turn out to be a little good news for you.
The company has posted an FAQ about a credit that may become due to certain e-book buyers as a result of antitrust settlements reached in April between the Justice Department and the publishers Hachette, Harper Collins, and Simon & Schuster. (Amazon was not a party to the lawsuit in question, which involved allegations of price fixing between these publishers, two others, and Apple.)
If the settlement deals are approved by … Read more
The European Union's executive arm confirmed today that Apple and four e-book publishers have offered up a settlement deal on e-book price-setting that could be approved in the coming months.
According to the European Commission, Apple, Harper Collins, Hachette Livre, Macmillan, and Simon & Schuster (which is owned by CBS, the same company that publishes CNET) have agreed to terminate e-book agency pricing contracts and allow retailers to set their own prices on titles for a period of two years.
The proposed deal, which the EC did not offer an opinion on, will now be open to public comment, … Read more