NEW YORK: Apple is fighting a legal order requiring the company to modify its digital book contracts and submit to oversight by a court-appointed antitrust monitor.
The Cupertino, California, company filed its notice of appeal in New York, following through on a pledge to fight the verdict. A federal court had concluded that Apple had illegally colluded with five major publishers to fix the prices of electronic books at the expense of consumers. The challenge comes a month after US District Judge Denise Cote finalized her order based on a verdict that she reached in July.
Simon & Schuster, one of the five book publishers affected by the ruling, filed an appeal on Friday.
Apple contends that its arrangements with publishers increased competition in a market dominated by Amazon.com.
Credits:-www.timesofindia.indiatimes.com
The Cupertino, California, company filed its notice of appeal in New York, following through on a pledge to fight the verdict. A federal court had concluded that Apple had illegally colluded with five major publishers to fix the prices of electronic books at the expense of consumers. The challenge comes a month after US District Judge Denise Cote finalized her order based on a verdict that she reached in July.
Simon & Schuster, one of the five book publishers affected by the ruling, filed an appeal on Friday.
Apple contends that its arrangements with publishers increased competition in a market dominated by Amazon.com.
Credits:-www.timesofindia.indiatimes.com
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