The electronics titans square off in a tangled tale of mobile technology, centered on Apple's iPhone
The settlement hinges on the success or failure of the company's appeal of a ruling that found it conspired with publishers to fix prices.
The settlement comes less than a month before the scheduled beginning of the trial, in which $840 million in damages was sought from Apple.
The petition sought emergency stay pending the resolution of an appeal concerning the case's class status.
Judge says the antitrust lawsuit filed by state attorneys general has already been delayed two months and should begin on July 14.
Judge rejects Apple's argument that states lack standing in the case, which seeks as much as $840 million in damages.
Apple calls judge's ruling that it conspired with publishers to fix e-book prices "a radical departure from modern antitrust law and policy."
US Judge Denise Cote, who ruled that Apple conspired to fix e-book prices, denies the company's attempt to throw off a monitor that was appointed to oversee its antitrust compliance.
An external monitor will be in place for two years to ensure that Apple complies with the court's orders. But the judge excluded other remedies the government had suggested.
The company offers its own set of measures for complying with the fallout from its loss against the Justice Department.
The Department of Justice and Apple head to court Monday over allegations of price fixing. CNET breaks down the case and what's at stake.