Apple Facing Five-Year Anti-Competitive Ban and Other Penalties for eBook Price Fixing
Last month the US Department of Justice found Apple guilty of price fixing eBooks, with Apple being the ring leader of the conspiracy. District Judge Denise Cote made the initial ruling, but Apple's punishment was to be determined at a later trial. We're still waiting on that to begin on August 9, however it seems like the Justice Department is making it known what exactly it wishes Apple to be hit with. The Justice Department and 33 US states and territories have proposed a five-year ban preventing Apple from entering into any anti-competitive deals, as well as terminate all business ties with the five publishers it conspired with.
Officials also want Apple to allow Amazon and Barnes & Noble to insert links to their own respective eBookstores so consumers can better compare prices. An outside monitor would also be used to make sure Apple's internal antitrust compliance policies are up to snuff and strong enough to prevent any possible illegal practices. Apple would also be prevented from retaliating against any eBook publisher not willing to bend to its terms.
Apple is holding sway that it did no wrong and is still looking to appeal Judge Cote's ruling last month, and is unhappy with the government's proposed penalty. It won't be long before we hear exactly how everything goes down, so be sure to keep it tuned for any updates.