How much for that app? Apples antitrust dispute

(Reuters) That commission is a key issue in a closely watched antitrust case that will reach the U.S. Supreme Court on Monday. The nine justices will hear arguments in Apples bid to escape damages in a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone apps and causing consumers to pay more than they should. The justices will ultimately decide a broader question: Can consumers even sue for damages in an antitrust case like this one? Apple which is appealing a lower court decision that revived the proposed consumer class-action lawsuit says no citing a decades-old Supreme Court precedent. The Cupertino California-based technology company said that siding with the iPhone users who filed the lawsuit would threaten the burgeoning field of e-commerce which generates hundreds of billions of dollars annually in U.S. retail sales. Read More