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U.s. Appeals Court Upholds Apple E-Book Settlement


Ron Burgundy
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An Apple logo is seen at the Apple store in MunichBy Jonathan Stempel NEW YORK (Reuters) - A federal appeals court on Wednesday upheld Apple Inc's $450 million settlement of claims that it harmed consumers by conspiring with five publishers to raise e-book prices. The 2nd U.S. Circuit Court of Appeals in Manhattan rejected a challenge by e-books purchaser John Bradley to the fairness, reasonableness and adequacy of Apple's class-action antitrust settlement with consumers and 33 state attorneys general. U.S. District Judge Denise Cote in Manhattan had approved the settlement in November 2014.




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