Apple settles e-book antitrust case

Apple Inc. reached an out-of-court settlement with U.S. states and other complainants in an e-book price-fixing class action lawsuit, effectively avoiding a trial in which the iPad maker faced as much as $840 million in claims.

The terms of the settlement have not been revealed. Reached on Monday, they required court approval, according to Reuters.

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.

Read more from Reuters.