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Well shares of apple teetering after a federal judge walls that the company conspired to raise the -- price of apple saying it is and nothing wrong and they will appeal the decision.
Joining me now with the locations of all this -- anchor and attorney Gregg Jarrett you know looking at this case closely collusion.
You now strong word.
It's from the job this -- -- Classic Sherman anti trust price -- -- you know where apple is determined by a judge who have colluded with five huge publishers in America to.
-- in fix prices -- you know what.
Apple could see this coming a mile away because the judge signal -- a time.
She thought that the government had the goods on apple.
Mission here about -- one million drivers a couple of key points that we found -- boxers of the ruling found in particular she said.
They agreed to work together to eliminate retail price competition in the market -- 99 apple seize the moment and brilliantly played its hand.
-- the brilliant is a reference to Steve Jobs -- by the way.
Was eight principal figure in this trial even though he's yet why because of some of his comments were arguably pretty incriminating of course jobs -- -- around.
To explain or interpret also says -- played -- central and facilitating an executing a conspiracy she uses the word I mean.
Her ruling read like a novel itself -- -- talk about Eva yes.
I mean and give -- the interesting thing about price sixteen anti trust as you don't have to have an express agreement to fix prices at a certain level instead.
To engage in in an enterprise all together that has the net a fact of hurting consumers and raising in fixing prices.
This judge appointed by about former President Bill Clinton when I'd say the time.
How -- this ruling mean Apple's gonna appeal we should say that we did get a -- from apple.
We can show that now apple says of course we may deny any any e-book pricing they also tell fox -- as we continue to fight against his false accusations.
When we introduced the -- during 2010 we get customers more choice it was innovation and you know that's the statement that we got him from apple to -- and another good -- -- I haven't read all 159.
Pages of the judge's decision by 10159 pages tells you that she was very thorough.
And probably quite thoughtful so look these two big law firms have represented apple again go back and -- he's just gonna.
Read through this over and over and over again and give apple and asked a minute -- chances on appeal.
McCain -- Clinton appointee was the bench trial judge -- say you have a 5050 shot -- getting overturned on appeal but right now.
The trial goes forward the question -- bifurcated trial the question now is not liability.
But damage how much consumers were injured by this and how how much apple has to pay no wonder their shares are now.
And are a little bit of pressure on it that's another issue is but this is certainly helping things that those were right but I read -- even a legal perspective for all of us October damages comes in the play.
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