Apple Share Price: Long Day in Court

on Aug 9, 2013
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iNVEZZ.COM Friday, August 9th: Today is an important day for Apple (NASDAQ:AAPL) and especially for the tech giant’s legal department. Three legal showdowns are set for today – two on the Apple-Samsung patent fight and one on the e-book price fixing scandal.

**Apple vs. Samsung**
The final ruling of the International Trade Commission on Apple’s claims against Samsung is expected today. The long-awaited decision will determine whether there will be a sales ban of certain Samsung devices.
In October last year Administrative Law Judge Thomas Pender ruled in favour of Apple, but further review of the decision was requested by both parties. Following the receipt of the remand initial determination in March, representatives of both Apple and Samsung were invited to comment before the ITC. The ITC will issue its final decision today.

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A hearing with the U.S. Court of Appeals for the Federal Circuit is also set for today. There the two smartphone producers will discuss the possible actions following last year’s Apple v. Samsung jury trial. During it 14 of Samsung’s products were found to infringe on Apple patents, but no preliminary injunctions were awarded. $450.5 million, or 40 percent, of $1.05 billion in damages awarded to Apple in 2012 have already been vacated by U.S. District Court Judge Lucy Koh, who ordered a new trial to decide on the issue.

**Anti-trust Hearing**
After yesterday’s objections of five publishers (HarperCollins, Hachette, Simon & Schuster, Penguin Group and Macmillan) to the government’s decision to terminate their “agency model” agreements with Apple, representatives of Apple will be meeting with the U.S. Department of Justice today.
!m[Patent Fight with Samsung to End Today with ITC’s Final Decision](/uploads/story/4715/thumbs/pic1_inline.jpg)

After finding Apple guilty of illegally colluding with the five publishers to artificially raise prices of e-books, the Department of Justice decided to propose termination of Apple’s current agreements and prevent the company from entering such deals in the future.
The decision of District Court Judge Denise Cote was announced in July, but no damages have been determined so far.
**Apple’s share price was at $459.47 as of 09.08.2013, 14.37 BST.**

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Court Ruling in Apple’s Favour Wipes Billions off Samsung’s ValueApple Breaks Sales Records With iPhone 5

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