U.S. District Judge in Manhattan Denise Cote ordered the parties
to submit a filing to seek approval of their settlement within 30
days.
The terms of the settlement, which still needs court approval, have
not been revealed.
The U.S. Department of Justice sued Apple and five publishers in
April 2012, accusing them of working together illegally to increase
e-book prices.
Since then, 33 states and U.S. territories have separately sued
Apple on behalf of their consumers, while individual consumers in
other states and territories filed a class action lawsuit.
The complainants are seeking up to $840 million in damages for
e-book customers. The exact amount of damages was to be litigated at
a trial scheduled for July 14.
The publishers - Hachette Book Group, HarperCollins Publishers,
Penguin Group (USA) Inc, Macmillan and Simon & Schuster Inc,
previously agreed to pay more than $166 million to settle related
antitrust charges.
Last July, a federal court found Apple liable for colluding with the
publishers after a separate non-jury trial in a case brought by the
U.S. Department of Justice.
Judge Cote found that Apple took part in a price-fixing conspiracy
to fight online retailer Amazon.com Inc's dominance in the e-book
market.
Apple is appealing that decision and Monday's settlement is
contingent on the outcome of that appeal.
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"As set forth in the memorandum of understanding, any payment to be
made by Apple under the settlement agreement will be contingent on
the outcome of that appeal," Steve Berman of Hagens Berman Sobol
Shapiro, the plaintiffs' lead lawyer, wrote in a letter to the
judge.
Berman declined to comment on the settlement until the final papers
are filed. Kristin Huguet, a spokeswoman for Apple, also declined to
comment on the settlement.
The cases are in the U.S. District Court for the Southern District
of New York, case no: 11-md-2293 and 12-cv-03394.
(Reporting by Supriya Kurane in Bangalore; Editing by Gopakumar
Warrier)
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