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US Supreme Court Rejects Apple's E-books Appeal

FILE - A woman reads an e-book at a book fair in Frankfurt, central Germany.

The U.S. Supreme Court on Monday rejected an appeal from Apple and left intact a ruling that the company conspired with publishers to raise the prices of electronic books.

The decision paves the way for a $450-million settlement to be paid by Apple to e-book purchasers under the California firm's July 2014 agreement to settle damages in the case brought by the attorneys general of 33 states and territories, and a private class of e-book purchasers.

Apple had tried to challenge Amazon's dominance of the market. The justices' order lets stand an appeals court ruling, though, that found Apple violated antitrust laws in 2010 when it worked with five top publishers to set the prices of e-books at significantly higher prices than those charged by Amazon.

Prior to the trial, Apple's chief executive officer Tim Cook said Apple would not settle, asserting it had done nothing wrong and was carrying out normal business practices.

Assistant Attorney General Bill Baer of the Justice Department's Anittrust Division said, "Apple's liability for knowingly conspiring with book publishers to raise the prices of e-books is settled once and for all."