Reuters: Regulatory News: U.S., states propose remedy for Apple e-book price-fixing

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U.S., states propose remedy for Apple e-book price-fixing Aug 2nd 2013, 13:57 NEW YORK | Fri Aug 2, 2013 9:57am EDT NEW YORK Aug 2 (Reuters) - Apple Inc deserves a five-year ban from entering anticompetitive e-book distribution contracts, and should also end its business arrangements with five major publishers with which it conspired to raise e-book prices, federal and state regulators said on Friday. The U.S. Department of Justice and 33 U.S. states and territories proposed those changes and others after a federal judge last month found in a civil antitrust case that Apple conspired with the publishers to raise e-book prices. Regulators accused Apple of conspiring to undercut Amazon.com Inc's e-book dominance, causing some e-book prices to rise to $12.99 or $14.99 from the $9.99 that the online retailer had been charging. U.S. District Judge Denise Cote in Manhattan on July 10 ruled that Apple had played a "central role" in a conspiracy to eliminate retail price competition and raise e-book prices. A hearing to discuss remedies is scheduled for Aug. 9. Cote has said she also plans to hold a trial on damages.

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