BackUS, states propose remedy for Apple e-book price-fixing
Apple deserves 5-year ban from entering anticompetitive e-book distribution contracts, says federal and state regulators
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New York: Apple Inc deserves a five-year ban from entering anticompetitive e-book distribution contracts, and should also end its business arrangements with five major publishers with which it conspired to raise e-book prices, federal and state regulators said on Friday.
The US department of Justice and 33 US states and territories proposed those changes and others after a federal judge last month found in a civil antitrust case that Apple conspired with the publishers to raise e-book prices.
Regulators accused Apple of conspiring to undercut Amazon.com Inc’s e-book dominance, causing some e-book prices to rise to $12.99 or $14.99 from the $9.99 that the online retailer had been charging.
US district judge Denise Cote in Manhattan on 10 July ruled that Apple had played a “central role" in a conspiracy to eliminate retail price competition and raise e-book prices.
A hearing to discuss remedies is scheduled for 9 August Cote has said she also plans to hold a trial on damages.
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