On Tuesday, the 2nd U.S. Circuit Court of Appeals voted 2 to 1 in upholding a lower court ruling that found Apple guilty of conspiring to inflate e-book prices.
Re/code, which first reported the court's decision, notes that the finding also maintains an injunction to stop Apple's practice that raised e-book prices from $9.99 (though Amazon) to between $12.99 and $14.99 through five publishers: Macmillan, Penguin, Lagardere's Hachette Livre, News Corp.-owned HarperCollins, and CBS-owned Simon & Schuster (Discolsure: ZDNet is also owned by CBS).
Apple and the participating publishers actually began paying refunds to customers last year as a result of the case but had hoped to avoid some of the penalties, which at one point reached $840 million in possible damages.
In 2012, the EU launched a probe into the same e-book pricing approaches. Apple and the publishers there agreed to end the then-current agency agreements and exclude particular terms in new agency agreements for five years.