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Apple guilty of price-fixing books

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NEW YORK - A judge Wednesday found Apple guilty of a price-fixing conspiracy for electronic books, saying the company "conspired to restrain trade" with publishers to boost the price of ebooks. 

A fair goer tries out an eBook reader app on an Apple iPad at the Leipzig Book Fair on March 15, 2012. A judge Wednesday found Apple guilty of a price-fixing conspiracy for electronic books, saying the company "conspired to restrain trade" with publishers to boost the price of ebooks.

Judge Denise Cote, who presided over a bench trial in New York, said in her opinion that "Apple is liable here for facilitating and encouraging the Publisher Defendants' collective, illegal restraint of trade." She ordered a new hearing to determine damages.

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