Tuesday, December 16, 2014

Jury finds Apple not guilty of violating anti-trust laws

Apple has been found not guilty of violating federal anti-trust laws in a trial that included video testimony from the late Steve Jobs. The plaintiffs complained that Apple had locked out all streaming music sites except for iTunes, on early models of the Apple iPod. At the same time, iPod competitors were locked out of iTunes. The bottom line, argued the plaintiffs, was artificially high prices for the iPod.



The plaintiffs had been seeking $350 million, which could have been tripled to over $1 billion based on anti-trust rules. The class-action suit included 8 million members who had purchased ...



from PhoneArena - News http://ift.tt/135L6Oj

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