Apple was tied to the cross, so to speak, when the ruling came down that the company violated antitrust laws by colluding with book distributors to keep prices high. Apple was called the “ringmaster” of the conspiracy, which resulted in “ill-gotten profits.”
Apple was forced to hire a court-appointed monitor and the original requested restitution was for $840 million. Apple was able to convince the ruling judge, Denise Cote, to agree to $450 million in damages with a stipulation that the iPad maker would only pay $70 million if the Appeals court reversed her decision.
Today, Apple’s Eddy Cue has agreed to speak about the subject to Fortune. In his first press interview on the subject, Cue noted that he believes the ruling is wrong and Apple is forcing the appeal to prove it. “We feel we have to fight for the truth,” said Cue. “You have to fight for your principles no matter what, because it’s just not right,”