US apex court rejects e-books appeal

The US Supreme Court on Monday declined to hear Apple Inc's challenge to an appellate court decision that it conspired with five publishers to increase e-book prices, meaning it will have to pay $450 million as part of a settlement. The court's decision leaves in place a June 2015 ruling by the New York-based appellate court that favoured the US Department of Justice and found Apple liable for engaging in a conspiracy that violated federal antitrust laws.