Statement By A.G. Schneiderman On U.S. District Court Finding That Apple Violated Antitrust Laws

 

NEW YORK – The following statement can be attributed to Attorney General Eric T. Schneiderman regarding today’s finding by the U.S. District Court for the Southern District of New York that Apple Inc. violated Section 1 of the Sherman Act by conspiring to raise the prices of electronic books (e-books) and end e-book retailers’ freedom to compete on price:

“Today’s decision holding Apple responsible for orchestrating an industry-wide conspiracy to fix the prices of e-books is a victory for consumers in New York and around the country. We are committed to ensuring that every business that operates in New York plays fairly and by the same set of rules, no matter how big or powerful they are."

Last year, New York State Attorney General Eric T. Schneiderman joined 32 states and the Department of Justice in asserting antitrust claims in the U.S. District Court for the Southern District of New York against Apple, Hachette Book Group (USA), HarperCollins Publishers L.L.C., Holtzbrinck Publishers LLC, which represents Macmillan, Penguin Group (USA) Inc. and Simon & Schuster Inc., for conspiring to fix the prices of electronic books (E-books). Except for Apple, all of the companies agreed to settlements that will result in roughly $75 million–which includes $11.7 million for NY consumers.

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