Reuters is reporting today that Apple has agreed to pay $450 million to settle its long-standing e-book price fixing federal court case with class action lawyers and state district attorneys.
As a reminder, the government alleged that Apple conspired along with five major U.S. publishers to fix e-book prices to the detriment of consumers, denying them the choice of price, while stifling competition.
$400 million of the $450 million will cover damage to consumers, with the remaining $50 million earmarked for recovery if liability must be retried...