US District Court Stories November 21, 2014
Apple granted final approval for $450 million ebooks settlement despite judge's concerns
- Nov. 21st 2014 1:13 pm PT
AAPL Company Apple News Apple Books DOJ ebooks
Following preliminary approval it received in August, Apple has been granted the final court approval it needed in its $450 million ebook settlement, according to a Reuters report.
During a hearing in Manhattan, U.S. District Judge Denise Cote approved what she called an "unusual" accord. It calls for Apple to pay $400 million to as many as 23 million consumers if the company's appeal of a ruling finding it liable for antitrust violations is unsuccessful.
U.S. District Judge Denise Cote previously expressed concern over the proposed settlement citing a clause in the agreement that she called "most troubling", but today called the settlement agreement "within the range of those that may be approved as fair and reasonable." expand full story
US District Court Stories August 27, 2012
You've seen Apple's internal memo to employees on the verdict, now here's Samsung's
Seth Weintraub - Aug. 27th 2012 6:01 am PT
We were the first to deliver Tim Cook's internal memo on Apple's trial victory. Here's the other side of the coin:
If, when you read "History has shown there has yet to be a company that has won the hearts and minds of consumers and achieved continuous growth, when its primary means to competition has been the outright abuse of patent law, not the pursuit of innovation." you thought "Microsoft!", you are not alone.