Federal Government Policy and Business

U.S. Supreme Court turns away Apple's e-books antitrust appeal

San Jose Mercury News: Ending Apple's legal feud with state and federal antitrust regulators, the U.S. Supreme Court on Monday rejected the Silicon Valley titan's last-ditch appeal of an order requiring the company to establish a $450 million compensation fund because it colluded with publishers in the electronic book market to jack up prices.

In a one-line order, the justices without comment let stand a federal appeals court ruling last year that backed a lower court decision against Apple, accused by the U.S. Justice Department and dozens of states of violating antitrust laws when the company entered the e-books market in 2010. The gist of the government's case was that Apple tried to rig the e-books market in an effort to cut into Amazon's grip on the industry.

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