Monday, June 3, 2013

Apple on trial this week e-book price-fixing case

Apple was accused by the United States of conspiring with five publishers to fix prices of electronic books, went to trial in a case that will feature evidence from the company’s late founder, Steve Jobs.

The rare antitrust trial that began yesterday in Manhattan federal court will determine whether Apple orchestrated an illegal price-fixing agreement when it entered the e-books market in 2010 with the introduction of the iPad.

The five publishers sued by the government have settled. But Apple denies wrongdoing and says it helped consumers by bringing competition to an e-books market dominated by

The judge has scheduled closing arguments for June 20.

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