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Apple found guilty of ebook price fixing

This week a U.S. District Court has found that Apple Computer “facilitated a conspiracy” to fix ebook prices when it rolled out its iPad in 2010.

From Time.com:

?The plaintiffs have shown that the publisher defendants conspired with each other to eliminate retail price competition in order to raise e-book prices, and that Apple played a central role in facilitating and executing that conspiracy,? Judge Cote wrote in her 160-page ruling. ?Without Apple?s orchestration of this conspiracy, it would not have succeeded as it did in the Spring of 2010.?

A new trial to determine damages is being set. According to Time, Apple has said it will appeal. The Time article has a real good overview of the whole case if you’re not familiar with it and what’s at stake.

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