Apple has just received the green light from a court in New York that will finally begin offering iBooks customers refunds from a pool of prospective pool of $400 million dollars. This specific amount is dependent on the court upholding a 2013 verdict where an appeal brought the figure down to a paltry $50 million.
The final number that Apple will have to pay consumers will be established on December 15th 2014. The Justice Department, lawyers, Apple and everyone involved in the court drama are basically tired and want to get this situation resolved ASAP.
Customers can expect refunds from Apple starting early next year for eBooks purchased from the iBookstore from April 1, 2010, and May 21, 2012. The exact figure is yet unknown but settlements from Amazon and Barnes and Noble had customers given a $3.00 credit for any New York Times bestseller and all other books from major publishers $1.00.
Michael Kozlowski has been writing about audiobooks and e-readers for the past twelve years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times. He Lives in Vancouver, British Columbia, Canada.