Reuters:

Apple Inc reached an out-of-court settlement with U.S. states and other complainants in an e-book price-fixing class action lawsuit on Monday, effectively avoiding a trial in which the iPad maker faced more than $800 million in claims.

Apple is currently awaiting the results of its appeal of last July’s finding that Apple was liable for colluding with publishers. Yesterday’s settlement proposal has to be approved by the judge and is contingent on the outcome of the appeal.