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Photo: ROBERT MICHAEL / Robert Michael /AFP /Getty Images
Attorney General George Jepsen said Connecticut residents will be able to claim about $6 million in money left dangling over a delayed settlement with Apple, after the U.S. Supreme Court refused taking up a U.S. District Court verdict that Apple orchestrated price fixing by sellers of digital books online.
Jepsen stated the Supreme Court decision resolves “the most significant remaining hurdle to enforcement of the terms of the agreement,” in his words, with his office and his counterpart leading the investigation along with the U.S. Department of Justice, with 31 other plaintiff states part of a contingent settlement that Apple had subsequently appealed.
Under the settlement, Apple agreed to pay $400 million in compensation to ebook consumers and $50 million in other relief if it lost its appeal of the District Court ruling. Under settlements with five other publishers involved in the price fixing, $166 million has been distributed to date to digital book customers in the United States.
Connecticut consumers will get $6 million in the form of credits from the various ebook sellers, with another $1 million to be deposited in the state’s General Fund.
Apple shares (Nasdaq: AAPL) dropped 1 percent Monday to $101.87.
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