Reginal Thomas
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Apple Set To Pay $840 Million Over E-Books Pricing Scandal


Apple Inc. can face up to $840 million in state and consumer antitrust claims related to electronic book deals with publishers which led to a U.S. lawsuit and court ordered monitor. The state attorneys general and consumers are suing Apple over its e-book pricing are seeking $280 million in damages and want it tripled. They want they're settlement tripled due to damages under antitrust law because the U.S. already "conclusively proven" at a trail last year that Apple was behind a conspiracy to fix prices.