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Judge approves $450-million Apple e-book settlement
Judge approves $450-million Apple e-book settlement

The judge in the Apple e-book case has given preliminary approval to a proposed $450-million settlement, Reuters reports. Apple was found guilty in 2013 of colluding with five major publishers to fix e-book prices. The settlement will provide $400 million to consumers and $50 million to attorneys. The e-book price-fixing case found Apple had colluded with publishers to set e-book prices. It moved e-book pricing sales from a wholesale-retail model, in which retailers paid a flat rate to publishers and then set their own end prices, to an "agency model," in which Apple took a percentage of an agreed-upon sales price. The judge determined that this resulted in raising e-book...

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