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Originally Posted by Sonist
Right.... Yet the European Commission saw clear evidence and Apple agreed to "never do it again" to avoid the risk of fines.
The DOJ and well over half of the State Attorneys also saw clear evince and after expensive stalling actions, Apple agreed to an almost half a billion settlement, subject to their appeal. Judge Cote appeared to also have seen clear evidence of Apple's wrongdoing.
But they all must be making it up.... 
BTW, under the US settlement, Apple is precluded from entering in similar anti-competative agreements in a broad range of industries where it is a major player, including music.
I really wish that it was easier to go after individual corporate officers who engage in illegal activities.
As is it now, if the officers manage to pull it off, they get all the glory for having cheated the market and fat bonuses. If they lose, the shareholders get to pay a fine and the officers still get to keep their bonuses. |
Sorry, but when judging the validity of class action law suits, one should follow the money. For the most part they are no more than "You have money, we want money". Frankly, that's the point of a lot of such accusations these days. A prosecutor or AG files a suit against a deep pocket company which then settles for some sum of money to make them go away. It's the same business model that keeps patent trolls and various ambulance chases in business. It can be quite lucrative.