Settlement credits sent to e-book buyers

March 26, 2014

Some Amazon.com Inc. e-book customers received credits Tuesday as part of the $166 million price-fixing settlement five book publishers reached with the U.S. Department of Justice.

The payments, which vary depending on how many e-books consumers bought between April 1, 2010, and May 21, 2012, stem from an filed in April 2012 that accused the publishers of conspiring to raise prices to undermine Amazon's grip on the e-book business. Customers received $3.17 for every New York Times bestseller purchased during this time, and 73 cents for other books. Minnesota residents got slightly more because their negotiated a separate deal.

Those publishers - Macmillan, Penguin, Hachette, HarperCollins, and Simon & Schuster - provided the funds, which are being handed out by Amazon and other e-book sellers, including Barnes & Noble, Kobo and Apple. Details about the settlement can be found at www.ebooksagsettlements.com.

Apple, which chose not to settle the case, was ordered last fall to modify its contracts with publishers and hire an outside monitor to make sure the company complies with antitrust laws. A trial to determine damages that Apple may be required to pay is expected to start later this year.

Explore further: US settles with final publisher in Apple e-book case

Related Stories

Penguin joins settlement in US e-books lawsuit

December 18, 2012

Penguin Group has agreed to join three other publishers in a settlement of a US government lawsuit alleging an e-book price-fixing conspiracy with Apple, officials said Tuesday.

E-books: US tells Apple to cut publishing ties

August 2, 2013

The US Department of Justice said Friday that tech giant Apple must cut ties with the five publishers with which it was found guilty of running an e-book price-fixing scheme.

Recommended for you

Click beetles inspire design of self-righting robots

September 25, 2017

Robots perform many tasks that humans can't or don't want to perform, getting around on intricately designed wheels and limbs. If they tip over, however, they are rendered almost useless. A team of University of Illinois ...

New technique spots warning signs of extreme events

September 22, 2017

Many extreme events—from a rogue wave that rises up from calm waters, to an instability inside a gas turbine, to the sudden extinction of a previously hardy wildlife species—seem to occur without warning. It's often impossible ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.