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Technology Stocks : Apple Tankwatch
AAPL 270.91-1.0%2:44 PM EST
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To: zax who wrote (26475)7/10/2013 9:22:42 AM
From: sylvester801 Recommendation

Recommended By
zax

   of 32692
 
Judge says Apple conspired to raise prices on e-books ($100 BILLION dollars fine is right... no other way to teach them a lesson!!!)
Reuters – 24 minutes ago
finance.yahoo.com

NEW YORK (Reuters) - A federal judge on Wednesday ruled thatApple Inc (AAPL.O) conspired to raise the retail prices of e-books, and said a trial for damages will follow.

The decision by U.S. District Judge Denise Cote in Manhattan is a victory for the U.S. government and various states, which the judge said are entitled to injunctive relief.

The publishers have already settled with the federal government on e-book pricing.

Cote ruled after a non-jury trial that ended on June 20.

(Reporting by Jonathan Stempel in New York; Editing by Gerald E. McCormick)
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