U.S. Supreme Court Refuses to Hear E-Book Appeal, Apple Will Have to Pay $450 Million Settlement

The U.S. Supreme Court has refused to hear Apple’s appeal of a ruling that it conspired to fix the price of eBooks, meaning the company will have to pay a $450 million settlement.Reuters reports that the court’s decision not to hear the case will leave in place a June 2015 ruling by the 2nd U.S. Circuit Court of Appeals that found Apple guilty of conspiring to fix e-book prices.Apple, in its petition asking the high court to hear the case, said the June decision by the 2nd U.S. Circuit Court of Appeals in New York upholding a judge’s ruling that Apple had conspired with the publishers contradicted Supreme Court precedent and would “chill innovation and risk-taking.”Share Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

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