A federal appeals court on Tuesday upheld a 2013 decision finding Apple guilty for conspiring with publishers to raise e-book prices, reports The Wall Street Journal. As a result, the company is expected to pay a $450 million settlement it agreed to with private plaintiffs, 30+ states and the DOJ last year.
“We conclude that the district court correctly decided that Apple orchestrated a conspiracy among the publishers to raise e-book prices,” wrote Second Circuit Judge Debra Ann Livingston. The conspiracy “unreasonably restrained trade” in violation of the Sherman Act, the federal antitrust law, she wrote.