Sunday, October 14, 2012

Kindle Users Get Refunds And Lower Prices on E-Books After Settlement - Arik Hesseldahl - News - AllThingsD

Perhaps the final chapter in this e-book publisher price-fixing story (see the full article for more details and links to related resources)
"Collectively the three publishers agreed to pay $69 million to settle charges that they were fixing prices on electronic books. The settlement must still be approved by the court, and a final hearing is scheduled for February of next year.
This all came about when the US Department of Justice decided to sue Apple and several publishers in a federal court in New York alleging that they colluded to inflate prices on electronic books as part of a plan to fight back against Amazon’s dominance of the e-book business. There’s a lot of detail in the original complaint via The Wall Street Journal here, and it’s worth reading The Journal’s story covering the initial filing of the suit from April."
Kindle Users Get Refunds And Lower Prices on E-Books After Settlement - Arik Hesseldahl - News - AllThingsD
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