Tag - Settlement
Apple is starting to pay customers who purchased e-books from the iBooks store in the past, as part of its $450 million settlement to end a lawsuit over alleged e-book price fixing. Starting from today, affected consumers will receive a store credit from the company, with the law firm Hagens Berman advising the $400 million allocated to customers would be paid out at different levels, depending on the popularity of the books in question.
Apple's three-year legal case over price-fixing of e-books has ended, with the US Supreme Court saying that it will not allow the company to appeal. The court will not listen to Apple's contention that a 2014 settlement requiring it to pay $450 million in costs and damages is wrong. That's the Supreme Court's right, and all legal cases have to end somewhere, even if more nebulous ones do seem to go on for a lot longer. Yet this isn't a nebulous case -- and the result, in my opinion, is wrong.
An attempt to challenge a settlement by Apple to end the e-book price fixing antitrust lawsuit against it has been denied by a federal appeals court. A complaint by customer John Bradley over the fairness, reasonableness, and adequacy of the class-action suit's settlement was denied by the 2nd US Circuit Court of Appeals in Manhattan, preserving the original settlement amount Apple has to pay, barring re-trial reductions, at $450 million.
Apple is ending an investigation into its tax affairs by Italian authorities, by paying a settlement of €318 million ($347.5 million) to the country, far less than it could have ended up paying. The payment effectively ends Italy's probe into Apple's local subsidiary's finances, with authorities suspecting Apple of tax fraud by failing to comply with local tax laws for a five-year period ending in 2013.
Pandora is paying the RIAA $90 million, to settle a lawsuit concerning the streaming of song recordings produced before 1972. At the same time as the settlement announcement, the streaming service's latest financial results report has been greeted poorly, with the stock price for Pandora dropping considerably in after-hours trading, after it suffered a third-quarter loss that may have been caused by the introduction of Apple Music, among other factors.
In a surprise move, Google and Microsoft have agreed to settle and dismiss all pending patent infringement litigation between the two companies dating back to 2010, and say they have "agreed to collaborate on certain patent matters and anticipate working together in other areas in the future to benefit our customers." The action will terminate some 20 active lawsuits filed in both the United States and Germany, though financial terms between the the parties was not disclosed. The action includes cases originally brought against or by Motorola Mobility.
Apple and Samsung have agreed to participate in court-supervised mediation to try and finally find a settlement sum satisfactory to both parties over the first of their two US patent trials, which originally ended with a judgement against Samsung for $1.05 billion. Through various legal actions, that sum has been whittled down to half of its original amount, and is about to be re-scrutinized yet again in yet another damages retrial. The two companies will be meeting with a new judge sometime on or before November 15.
A battery technology company that suffered an exodus of key employees to Apple has now told a court that it and Apple are in the final stages of working out a settlement. A123 Systems filed suit against Apple in February after the iPhone maker recruited A123's former chief technical officer, Mujeeb Ijaz, who then allegedly led a poaching effort that persuaded a handful of very key scientists and engineers to jump ship to Apple as well -- leading A123 to halt several research projects due to the brain drain.
After our recent story two weeks ago about litigation being brought against Apple for poaching battery engineers and scientists from A123 Systems (an automotive and vertical-market energy research firm), Apple has informed the judge in the case that it is seeking a settlement and is in talks with the company. Apple had recruited former A123 Chief Technical Office Mujeeb Ijaz, who then helped Apple poach several of his former colleagues from A123.
A posting by the Federal Trade Commission (FTC) today describes a settlement between it and Texas software developer, Focus Education. The complaint, filed by the FTC, was over statements made by Focus on its website and infomercials regarding the benefits of playing its iFocus System "brain training" games.
Now AAPL Stock: 109.9 ( + 0.41 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE