How the Department of Justice Plans to Punish Apple for eBook Price Fixing

…The case dates back to April 2012, when the DOJ sued Apple and five publishers – Macmillan, Penguin, Hachette, HarperCollins, and Simon & Schuster – over an alleged “illegal conspiracy” involving e-book price fixing. The publishers settled with the government, but Apple fought back and the case went to court in June. A New York district judge later found that Cupertino is guilty of e-book price fixing…

The Justice Department on Friday released a revised proposal for how it believes Apple should be punished for an e-book price-fixing scheme.

The DOJ said it would allow a five-year injunction rather than a 10-year term, as well as staggered negotiations with book publishers. But it declined to back off requests regarding an external auditor and the ability to purchase e-books from rivals like Amazon within the iOS ecosystem.

“As we have said all along, the purpose of the remedy is to fix the competitive problems, restore competition to the marketplace and to prevent the illegal behavior from continuing in the future,” the DOJ said in a statement. “We have revised the proposed remedy taking into account the court’s comments and this fast changing industry.”…

From http://www.pcmag.com/article2/0,2817,2423534,00.asp

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