Washington, July 17 : Apple will pay an amount of 450 million dollars as a result of a U. S. lawsuit against it that said that the company had increased the price of e-books.

An amount of 400 dollars could go back to the consumers, said reports.

New York Attorney General Schneiderman said that even the biggest companies had to follow the same rules as others, reports the Verge.

He further said that they would work to ensure that no company got involved in unfair means and that no company was above law.

Apple is reportedly still waiting for an appeal and they believe that they did nothing wrong as they never conspired to raise the e-book prices. (ANI)