Apple is planning to release its own developed car by 2019. (Photo : Reuters)
A court document filed to the United States Supreme Court shows that Apple is planning to fight a decision issued by a lower court regarding an e-book price fixing suit. The lower court found out that Apple violated antitrust laws regarding its dealings with some publishers for the sale of e-books on the iPad device.
According to Fortune, the Apple court filings reads "This case...presents issues of surpassing importance to the United States economy. Dynamic, disruptive entry into new or stagnant markets - the lifeblood of American growth - often requires the very type of."
According to PC Mag, the tech giant submitted a motion to the Supreme Court on Sept. 16. The motion states that Apple is asking for a 30-day extension in order to file a formal submission to begin the appeal process.
The Cupertino-based company is hoping that the high court will overturn the initial findings citing that it conspired to fix e-book prices. The lawsuit was filed in 2012 by the Department of Justice and sued Apple along with five publishers; Penguin, HarperCollins, Hachette, Macmillan and Simon & Shuster.
The five publishers agreed to settle and paid out $166 million in fines. On the other hand, Apple decided to bring its argument to court and was found guilty in 2013. Apple then appealed the decision.
In 2014, Apple agreed to settle to the sum of $450 million. However, the final amount that Apple needs to pay will depend on the outcome of its pending appeal. If Apple loses, the company is obliged to pay $400 million into a consumer compensation fund, 30 million to class counsel and $20 million to settle state cases. On the other hand, if Apple wins, the company will not have to pay.
