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US District Court Judge Denise Cote originally took issue with the settlement because Apple could end up only paying $70 million.
The end to a public fight between the publishing industry and the massive e-book distributor could spell relief for authors. It also gives Amazon customers access, finally, to Hachette titles.
After the tech giant agrees to pay millions in the e-book price-fixing lawsuit, the presiding judge says, "I'm concerned about the terms of the settlement."
The tech giant's potential purchase could help it compete in an area dominated by Amazon's prized e-book business, according to TechCrunch.
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.