Appeals Court Affirms Apple's $450M E-Book Settlement

A federal appeals court upheld Apple Inc.'s $450 million settlement of claims that it harmed consumers by conspiring with five publishers to raise e-book prices. The 2nd U.S. Circuit Court of Appeals in New York rejected a challenge by an e-books purchaser to the fairness, reasonableness and adequacy of the settlement, which won approval from U.S. District Judge Denise Cote in November 2014.