An unusual settlement between Apple Inc. and private plaintiffs who challenged e-book prices now looks like quite a good deal for the plaintiffs and their lawyers. When those plaintiffs agreed last year to resolve claims that Apple Inc. fixed e-book prices, they gambled by making the amount that Apple would pay them contingent on the success of Apple’s appeal of a separate antitrust case brought by the U.S. Department of Justice.
That bet came closer to paying off Tuesday, when the U.S. Court of Appeals for the Second Circuit voted 2-1 to affirm a lower court’s finding in the DOJ case that Apple conspired with five major book publishers to fix prices on e-books, before the 2010 launch of the iBookstore. (Our affiliate New York Law Journal has more details on the Second Circuit’s opinion.)
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