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Apple E-Book Ruling: Company Will Appeal Price Fixing Decision

Apple "conspired to raise the retail price of e-books," a federal judge held in the ruling attached below.

Apple and five major U.S. publishers artificially drove up the prices of e-books in 2010, Judge Denise Cote ruled Wednesday.

"[T]he evidence is overwhelming that Apple knew of the unlawful aims of the conspiracy and joined the conspiracy with the specific intent to help it succeed," Judge Cote wrote.

Apple says it plans to appeal the ruling, according to company spokesman Tom Neumayr, claiming it brought much needed innovation and competition into the e-book market.