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
Source: iClarified Read More: U.S. Supreme Court Refuses to Hear E-Book Appeal, Apple Will Have to Pay 0 Million Settlement