Wednesday, June 22, 2016

Apple starts to shell out $400 million to customers in e-book settlement - CNET

I'd rather have Kindle book prices return to where they were before "Apple's alleged price-fixing scheme..."

"Millions of e-book purchasers will get either credits or checks for twice their losses, legal firm Hagens Berman, which helped litigate the class action lawsuit, said on Tuesday. Apple is on the hook for $400 million in damages plus an additional $30 million to pay the legal fees for Hagens Berman and $20 million to the state attorney generals who became involved in the case.

On an individual basis, each plaintiff in the suit will receive $1.57 in credit for most e-books they bought and a $6.93 credit for every e-book purchased that was on the New York Times bestseller list. Consumers who purchased e-books from Amazon, Barnes & Noble, Kobo and Apple between April 1, 2010 and May 21, 2012 are eligible to receive credits deposited directly in their accounts or checks sent through the mail."
Apple starts to shell out $400 million to customers in e-book settlement - CNET
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