According to Bloomber.com/news Apple faces as much as $840 million in state and consumer antitrust claims related to electronic-book deals with publishers as it continues to oppose a court-ordered monitor in a related U.S. government case.
State attorneys general and consumers who sued the world’s most valuable technology company are seeking $280 million in damages and want that amount tripled, a lawyer for them said in a Jan. 31 filing with the Manhattan judge presiding over the federal case.
The plaintiffs said they’re entitled to triple damages under antitrust law because the U.S. had already “conclusively proven” at a trial last year that Apple orchestrated a conspiracy to fix prices. The amount sought is 0.5 percent of the $158.8 billion in cash that the Cupertino, California-based company reported that it had as of the end of 2013.
Source: Bloomberg News