You may never see a penny of the $400 million Apple just agreed to pay e-book buyers

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Apple has agreed to pay e-book customers $400 million to settle a class-action lawsuit over its e-book pricing practices. But don't get too excited. The company is only going to pay under certain conditions.

The deal, struck with 33 state attorneys general, was prompted by the Justice Department's antitrust suit against Apple, which claimed the firm illegally colluded with book publishers to raise e-book prices.

If the court of appeals sends the case back to US District Court Judge Denise Cote , Apple has agreed to pay $50 million to settle its damages claim. And if the appeals court reverses the decision? "If we are vindicated by the appeals court, no settlement will be paid," the company said.


You may never see a penny of the $400 million Apple just agreed to pay e-book buyers Apple agrees to pay $450 million in e-book antitrust deal (ars technica) Apple settles e-books price-fixing suit for up to $400M (USAToday)