Apple and the plaintiffs -- consumers and some US states -- have reached an agreement in principle that must be approved by the US District Court in New York, said Steve Berman, an attorney representing the plaintiffs, the Journal reported.
The terms of the settlement were not made public.
The plaintiffs had been seeking USD 840 million in damages from Apple, arguing that it had overcharged consumers on e-books to the tune of USD 280 million.
The plaintiffs said the tech giant should have to pay three times that amount in damages, the paper said.