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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.
Second phase of price-fixing case against Apple will determine how much the company owes for allegedly conspiring with publishers to eliminate price competition.
Apple would need to pay for an external monitor, sever deals with publishers, and let Amazon and Barnes & Noble link their iOS e-book apps to their respective online stores, among other proposed measures.
The publisher has agreed to terminate its pricing deal with Apple and refrain from making "most favored nation" pricing pacts for five years.
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."
Antitrust lawsuit accused Apple and five book publishers of conspiring to artificially hike prices. Now all but Apple and Macmillan have settled.
US District Court Judge Denise Cote originally took issue with the settlement because Apple could end up only paying $70 million.
The companies signed the agreement with 54 attorneys general across U.S. states, districts, and territories.
The first domino fell last week in the U.S. when the DOJ sued Apple and its publishing partners claiming collusion over pricing of e-books. A class action lawsuit in Canada now claims the same.
The Justice Department may file as early as Wednesday an antitrust lawsuit against the company over how publishers price electronic books, Reuters reports.