[Press Release]
STATEMENT BY ASSISTANT ATTORNEY GENERAL BILL BAER ON REMEDY TO ADDRESS APPLE’S PRICE FIXING OF E-BOOKS
Remedy Requires Apple to Modify Agreements with Five Publishers; Provides for a
Court-Appointed External Monitor; Includes Anti-Retaliatory Provisions to Protect Publishers; Prohibits Apple from Engaging in Future Anticompetitive Conduct
WASHINGTON – Assistant Attorney General Bill Baer of the Department of Justice’s Antitrust Division issued the following statement today after the U.S. District Court for the Southern District of New York issued an order regarding a remedy to address Apple Inc.’s illegal conduct:
“We’re pleased that the court has issued an order supporting the Department of Justice’s efforts to address Apple’s illegal price fixing conduct. Consumers will continue to benefit from lower e-books prices as a result of the department’s enforcement action to restore competition in this important industry. By appointing an external monitor to ensure future compliance with the antitrust laws, the court has helped protect consumers from further misconduct by Apple. The court’s ruling reinforces the victory the department has won for consumers.”
The court’s order requires Apple to modify its existing agreements with the five major publishers with which it conspired – Hachette Book Group (USA), HarperCollins Publishers L.L.C., Holtzbrinck Publishers LLC, which does business as Macmillan, …read more

Via: Digital Book World