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Apple Penalized for E-Book Price Fixing

For a year-and-a-half, Apple has been claiming its innocence in an e-book price fixing case filed by the Justice Department against the tech company and five other book publishers. Though the other publishers settled a while ago, restrictions are just now beginning for Apple.

The Justice Department charged the publishers and Apple in April 2012 for illegally working together to raise the price of e-books as a way to curb Amazon’s success with e-book sales. Apple was the only company that didn’t settle and instead fought the case in a trial this summer. Ultimately, a federal judge in Manhattan ruled against the company.

According to The New York Times, Apple cannot enter into agreements with the five other publishers that “restricts, limits or impedes Apple’s ability to set, alter or reduce the retail price of any e-book,” under the new restrictions. The company is also prohibited from speaking with one publisher about its contract with another publisher. A “monitor” will keep its eyes on the company ,evaluating it and making sure all antitrust laws are followed.

Apple plans to appeal the case.

Though the other companies profess their innocence, why is Apple the only one to fight so hard in court? That’s likely because Apple is the only one with the money to afford it.

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