Supreme Court rejects Apple e-books appeal

Monday, 7 Mar 2016 | 10:04 AM ETReuters

The U.S. Supreme Court Building in Washington. The U.S. Supreme Court Building in Washington.

The U.S. Supreme Court on Monday declined to hear Apple’s challenge to an appellate court decision that it conspired with five publishers to increase e-book prices, meaning it will have to pay $450 million as part of a settlement.

The court’s decision not to hear the case leaves in place a June 2015 ruling by the New York-based 2nd U.S. Circuit Court of Appeals that favored the U.S. Department of Justice and found Apple liable for engaging in a conspiracy that violated federal antitrust laws.

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