Apple Rejected by U.S. Supreme Court in $450 Million E-Book Case
- Company found to have orchestrated scheme to raise prices
- Consumers will get credits toward future e-book purchases
The Apple store on Fifth Avenue is seen on Jan. 26, 2016 in New York City.
Photographer: Andrew Burton/Getty ImagesThis article is for subscribers only.
Apple Inc. must pay $450 million to end an antitrust suit after the U.S. Supreme Court refused to question a finding that the company orchestrated a scheme to raise the prices for electronic books.
The justices, without comment, turned away an appeal by Apple, leaving intact a federal appeals court ruling favoring the U.S. Justice Department and more than 30 states that sued.