NY judge: Apple Conspired To Raise E-Book Prices

By: Associated Press Email
By: Associated Press Email

Associated Press Release

NEW YORK (AP) -- The judge at a New York civil anti-trust trial has found that Apple Inc. conspired with publishers to raise electronic book prices.

The ruling was issued Wednesday in Manhattan federal court.

Apple attorney Orin Snyder told Judge Denise Cote (KOHT') previously that she would set a "dangerous precedent" if she concluded that Apple manipulated e-book prices as it entered the market in 2010.

The lawsuit was filed last year against Apple and major publishers. The government previously reached settlements with five publishers.

The trial had featured testimony from executives for Apple, publishers and Amazon.com.

Associated Press Release

NEW YORK (AP) -- An Apple Inc. lawyer has come out swinging at the start of a New York trial and is rebutting the government's claims that the company unfairly drove up the price of electronic books in 2010.

Apple attorney Orin Snyder calls the Justice Department case bizarre and says the company did not conspire with publishers to boost e-book prices. He says the e-book market was broken and lacked innovation and competition before Apple entered.

A Justice Department lawyer claimed Monday that Apple and five book publishers deliberately tried to eliminate Amazon.com's $9.99 bargain price for the most popular e-books.

He asked a judge to find Apple had violated U.S. anti-trust laws. The five publishers have already settled in the case.

The trial is expected to last several weeks.

Associated Press Release

NEW YORK (AP) -- A federal judge in Manhattan will hear claims that Apple Inc. was involved in the fixing the price of electronic books.

The Justice Department sued Apple and other publishers last year. The five other publishers named in the lawsuit have settled. The judge has urged Apple to do the same.

The nonjury trial is scheduled to start Monday.

The government claims the computer innovator conspired with a major book publisher to force Amazon.com to raise its prices for e-books.

Lawyers for Cupertino, Calif.-based Apple say the allegations are based on "faulty assumptions and unfounded conclusions."

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