A US federal appeals court has reinstated an antitrust lawsuit accusing the major labels of conspiring to fix prices for online music. The case was originally dismissed in October 2008, but now the Second Circuit Court of Appeals in New York has ruled that the plaintiff’s allegations were “sufficient to plausibly suggest” a conspiracy. The case will now go back to the district court for further proceedings. The lawsuit focuses on the labels’ own (long-defunct) digital music stores – MusicNet and Pressplay – as well as wholesale prices for digital tracks sold through third-party retailers. Source: Reuters Source: PaidContent

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