Apple E-Book Price Fixing Appeal Rejected by Supreme Court

Apple E-Books Price-Fixing

The U.S. Supreme Court refused to hear the appeal of Apple (NASDAQ: AAPL) challenging the decision of the appellate court that the company colluded with publishers to fix the prices of e-books. In a two-to-one ruling on June 30, 2015, the U.S. Court of Appeals for the Second Circuit ruled that Apple violated that Sherman Antitrust Act by conspiring with five publishers to increase the price of e-books before its entry into the market. The Second Circuit’s two judges found that Apple’s entry into the e-books market by introducing the…

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