By Joe Mullin
Taking a case to trial is usually a gamble, and when Apple decided to fight it out with the government over e-book pricing, it lost in a big way. The judge found that Apple did indeed conspire to fix prices, and the court issued an order that stopped Apple from entering into “Most Favored Nation (MFN)” pricing arrangements with publishers. That approach “eliminated any risk that Apple would ever have to compete on price when selling e-books, while as a practical matter forcing the Publishers to adopt the agency model across the board,” the judge wrote.
The judge’s …read more
Read more here: States say Apple should pay $840M in e-book price-fixing case