Apple hit with injunction to bar further e-book antitrust violations
NEW YORK (REUTERS) - A federal judge who found Apple liable for conspiring to fix e-book prices entered an injunction on Friday intended to bar the iPad maker from further antitrust violations.
US District Judge Denise Cote in Manhattan said Apple could not enter into agreements with five major US publishers that would impede its ability to reduce e-book retail prices or offer price discounts. The judge also ordered Apple to hire an external compliance monitor for two years to supervise the company's antitrust compliance efforts.
The final judgment will expire after five years, though Judge Cote's order allows for extensions in one-year increments if necessary.
The permanent injunction followed a July 10 ruling by the court finding Apple conspired with five publishers to undermine e-book pricing established by the dominant retailer in the market, Amazon.com.