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 three mobile application threats

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.

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.