News Summary: Judge OKs deal on e-book pricing

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by Associated Press

Associated Press

Posted on September 6, 2012 at 6:01 PM

Updated Thursday, Sep 6 at 7:00 PM

TURNING THE PAGE: U.S. District Judge Denise Cote approved a Justice Department settlement with three electronic book publishers accused of engaging in a price-fixing scheme with Apple Inc., and the iPad maker's late CEO, Steve Jobs.

THE TERMS: The ruling released in New York Thursday ratifies an agreement reached nearly five months ago. The deal requires the publishers — Hachette, HarperCollins and Simon & Schuster — to scrap a pricing system conceived with Apple before the iPad's release in 2010.

STILL TO COME: Apple and two other publishers plan to fight the Justice Department's allegations in a June 2013 trial.

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