Feeds

Oi, ebook price fixer. Yes, you, Apple – stop whinging and get your chequebook out

That's more or less what a US appeals court said today

Top 5 reasons to deploy VMware with Tegile

A US appeals court has rejected Apple’s attempt to delay the damages trial over its ebook price-fixing scandal. The iPhone maker had hoped to postpone the hearings until after it’s had a chance to appeal its guilty verdict.

In a very short order, seen by The Register, the Court of Appeals for the Second Circuit in New York denied Apple’s petition. The Cupertino company asked judges to hold off deciding how much it must pay until after it had appealed its conviction – Apple was found guilty of colluding with major publishers to fix the price of ebooks.

The second circuit appeals court said the damages-setting trial on 14 July should go ahead since the iPad maker had failed to “meet the requisite standard” to get it put on hold.

Around 33 state attorneys general and the Department of Justice are looking to get up to $840m (£501m) in damages out of Apple in the July trial, after District Judge Denise Cote found Apple complicit in the conspiracy to raise ebook prices in an attempt to break Amazon’s growing stranglehold on the fledgling market.

The five publishers implicated in the conspiracy – Hachette, HarperCollins, Macmillan, Penguin and Simon & Schuster – all opted to settle the case before it got to trial, but Apple has stayed resolute in its claims that it didn’t do anything wrong. The company has fought tooth and nail against every aspect of the case, including the sanctions from Cote that called for renegotiation of contracts between Apple and publishers and, of course, its antitrust monitor (a man loathed by Apple).

It took months of wrangling in the courts to get Apple to accept the court-appointed monitor, who’s supposed to keep an eye on the firm’s competition policies and practices. The company only submitted after an appeals court clearly outlined the monitor’s duties, which Apple had claimed were too broadly defined. ®

Bootnote

An $840m damages payout is equivalent to eight days of annual profit for Apple, judging by its $37bn net income for 2013 – it makes about $1,100 in net income a second.

Intelligent flash storage arrays

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.