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.

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.