Supreme Court rejects Apple e-books price-fixing appeal

March 7, 2016 6:14 PM

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WASHINGTON The Supreme Court on Monday declined to hear Apple Inc's challenge to an appellate court decision that it conspired with five publishers to increase e-book prices, meaning it will have to pay $450 million as part of a settlement.

The court's decision not to hear the case leaves in place a June 2015 ruling by the New York-based 2nd U.S. Circuit Court of Appeals that found Apple (AAPL.O) liable for engaging in a conspiracy that violated federal antitrust laws.

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