Apple colluded on e-book prices, judge finds

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    Technology News

    A man looks at his Apple iPad in front an Apple logo outside an Apple store in downtown ShanghaiBy Nate Raymond and Jonathan Stempel NEW YORK (Reuters) – In a sweeping rejection of Apple Inc's strategy for selling electronic books on the Internet, a federal judge ruled that the company conspired with five major publishers to raise e-book prices. U.S. District Judge Denise Cote in Manhattan found “compelling evidence” that Apple violated federal antitrust law by playing a “central role” in a conspiracy with the publishers to eliminate retail price competition and raise e-book prices. Wednesday's decision could expose Apple to substantial damages. It is a victory for the U.S. …

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