Share on StockTwits

Apple has reached a settlement on the damages owed in a case that concluded the company illegally conspired with publishers to drive up the prices of digital books. Terms of the settlement weren’t disclosed in a document filed late Monday. Those details will emerge in a filing due by July 16. Lawyers representing consumers across the country had been seeking up to $840 million in damages. A trial on the damages claims had been scheduled to begin Aug. 25 in federal court in New York.

“Apple Settles On Damages In Digital Book Case” is categorized as “science and technology”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.