Apple settles e-book antitrust lawsuit

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple (AAPL) has agreed to settle an antitrust lawsuit regarding e-book price fixing, effectively avoiding a trial. The case was filed by U.S. states and other complainants, hitting Apple with $840M in claims.

The lawsuit was connected to a case filed by the Justice Department in April 2012 that charged Apple and five American book publishers of conspiring to fix e-book prices and attempting to break Amazon's hold on the market with its Kindle.

The terms of the settlement, which still needs court approval, have not been disclosed.