Thursday, August 27, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Says Improving Quality Isn't Anti-competitive
Apple To Announce New iPhones In Sept.9 Event
AMD Radeon R9 Nano Graphics Card Shipping September 10th
ASUS Announces TUF Sabertooth Z170 Mark 1 Motherboard
New Camera-Lens Optical Element Enables Extremely High Levels of Chromatic Aberration Correction
LG Develops Full-Size Keyboard For Pockets
Facebook Is Testing Digital Assistant For Messenger
YouTube Gaming Site Launched
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Departm...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, August 02, 2013
Department of Justice Proposes Remedy to Address Apple's Price Fixing


Apple deserves a five-year ban from entering anti-competitive e-book distribution contracts and should 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 Department of Justice and 33 State Attorneys General today submitted to the court a proposed remedy to address Apple's conduct, following the July 10, 2013, U.S. District Court for the Southern District of New York decision finding that Apple conspired to fix the prices of e-books in the United States. The proposed relief "is intended to halt Apple's anticompetitive conduct, restore lost competition and prevent a recurrence of the illegal activities," DoJ said.

"The court found that Apple's illegal conduct deprived consumers of the benefits of e-book price competition and forced them to pay substantially higher prices," said Bill Baer, Assistant Attorney General in charge of the Department of Justice\s Antitrust Division. "Under the department's proposed order, Apple's illegal conduct will cease and Apple and its senior executives will be prevented from conspiring to thwart competition in the future."

The department's proposal, if approved by the court, will require Apple to terminate its existing agreements with the five major publishers - Hachette Book Group (USA), HarperCollins Publishers L.L.C., Holtzbrinck Publishers LLC, which does business as Macmillan, Penguin Group (USA) Inc. and Simon & Schuster Inc. - and to refrain for five years from entering new e-book distribution contracts which would restrain Apple from competing on price. Under the department's proposed remedy, Apple will be prohibited from again serving as a conduit of information among the conspiring publishers or from retaliating against publishers for refusing to sell e-books on agency terms. Apple will also be prohibited from entering into agreements with suppliers of e-books, music, movies, television shows or other content that are likely to increase the prices at which Apple's competitor retailers may sell that content. To reset competition to the conditions that existed before the conspiracy, Apple must also for two years allow other e-book retailers like Amazon and Barnes & Noble to provide links from their e-book apps to their e-bookstores, allowing consumers who purchase and read e-books on their iPads and iPhones easily to compare Apple's prices with those of its competitors.

Additionally, the Department of Justice is asking the court to appoint an external monitor to ensure that Apple's internal antitrust compliance policies are sufficient to catch anticompetitive activities before they result in harm to consumers. The monitor, whose salary and expenses will be paid by Apple, will work with an internal antitrust compliance officer who will be hired by and report exclusively to the outside directors comprising Apple's audit committee. The antitrust compliance officer will be responsible for training Apple's senior executives and other employees about the antitrust laws and ensuring that Apple abides by the relief ordered by the court.

On April 11, 2012, the department filed a civil antitrust lawsuit in the U.S. District Court for the Southern District of New York against Apple, Hachette, HarperCollins, Macmillan, Penguin and Simon & Schuster, for conspiring to end e-book retailers' freedom to compete on price by taking control of pricing from e-book retailers and substantially increasing the prices that consumers paid for e-books.

At the same time that it filed the lawsuit, the department reached settlements with three of the publishers - Hachette, HarperCollins and Simon & Schuster. Those settlements were approved by the court in September 2012. The department settled with Penguin on Dec. 18, 2012, and with Macmillan on Feb. 8, 2013. The Penguin settlement was approved by the court in May 2013. Final approval of the Macmillan settlement is pending before the court. Under the settlements, each publisher was required to terminate agreements that prevented e-book retailers from lowering the prices at which they sell e-books to consumers and to allow for retail price competition in renegotiated e-book distribution agreements.

The department's trial against Apple, which was overseen by Judge Denise Cote, began on June 3, 2013. The trial lasted for three weeks, with closing arguments taking place on June 20, 2013. The court issued its opinion that Apple violated Section 1 of the Sherman Act on July 10, 2013. The court will hold a hearing on remedies on Aug. 9, 2013.


Previous
Next
Spansion Buys Fujitsu MCU and Analog Business        All News        Dell's Board Accepts Founder's Buyout Offer
Spansion Buys Fujitsu MCU and Analog Business     General Computing News      Dell's Board Accepts Founder's Buyout Offer

Get RSS feed Easy Print E-Mail this Message

Related News
Apple To Announce New iPhones In Sept.9 Event
Apple Linked To Automotive Testing Facility
Apple to Delay Live TV Service: report
Apple Said To Host iPhone, iPad, Apple TV Event Next Month
Apple Music Has More Than 11 Million Members
Xiaomi Has Reclaimed Top Spot in China, Huawei Pushes Ahead of Apple
Apple Watch Coming To Best Buy stores
Smartphone Market Posts Year-Over-Year Growth in Q2 2015
Apple Reports Strong iPhone Sales, Watch Sales Still Unknown
Apple App Store, Apple Music Services Partially Down (Updated)
Apple Dominates The Market Of Wearable Bands: Canalys
New Apple iPod Touch Has A Faster Processor, Better Cameras

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .