Apple Hit With $840 Million Claim for E-Book Price Fixing

Apple

Apple lost its e-book antitrust trial last summer, but so far it hasn’t had to write any checks as part of its punishment. Now a plaintiff’s lawyer wants to deliver a bill: He says Apple should pay $840 million in damages. Steve Berman, an attorney representing consumers and 33 states who linked up with the U.S. government’s case against Apple, says Apple’s actions caused e-book buyers to spend an extra $280,254,374 after the introduction of Apple’s iPad and its iBooks Store. Berman says Apple should have to pay triple that number, and if you want to read his argument, you can find it below, via a letter he filed in court yesterday. For context: Apple ended 2013 with nearly $159 billion in cash on its books, and generated profits of $13 billion in its last quarter.

Read the full story at re/code.

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