Nov 21st, 2014, 9:20 pm

The Apple logo is lit on the first day of sale for the iPhone 6 and iPhone 6 Plus, in Sydney September 19, 2014.   REUTERS/David Gray




The Apple logo is lit on the first day of sale for the iPhone 6 and iPhone 6 Plus, in Sydney September 19, 2014.


Credit: Reuters/David Gray







(Reuters) - A U.S. judge on Friday gave final approval to Apple Inc's (AAPL.O) agreement to pay $450 million to resolve claims it harmed consumers by conspiring with five publishers to raise e-book prices.


During a hearing in Manhattan, U.S. District Judge Denise Cote approved what she called an "unusual" accord. It calls for Apple to pay $400 million to as many as 23 million consumers if the company's appeal of a ruling finding it liable for antitrust violations is unsuccessful.

The $400 million comes on top of earlier settlements with five publishers in the case, which provided $166 million for e-book purchasers.

(Reporting by Nate Raymond in New York; Editing by Lisa Von Ahn)

Nov 21st, 2014, 9:20 pm