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Apple's $450 million ebook settlement receives final court approval

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Apple has received final court approval to settle a class-action lawsuit over claims that it harmed consumers by fixing the price of ebooks, according to Reuters. The settlement could have Apple paying $450 million — $400 million to consumers and $50 million to lawyers — but that's only so long as Apple's ongoing appeal of the federal ebook price-fixing verdict does not result in an overturned ruling, which previously found it guilty. In the event that the ruling is overturned, Apple will only owe $50 million to consumers and $20 million to lawyers.

The judge who approved the settlement was apparently wary to do so because of its unusual construction, but Reuters previously reported that she also felt it was unlikely that the ruling would be overturned. The settlement money will reportedly be going to as many as 23 million consumers impacted by the price fixing. The book publishers involved in the price-fixing lawsuit all settled before the case went to trial. Reuters reports that those settlements provided $166 million to people who had purchased ebooks.