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Monday 24th November

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New $840m Claim Against Apple For Ebook Price Fixing

Posted at 8:02AM Monday 03 Feb 2014

A US judge is still in the process of handling the DOJ lawsuit against Apple–along with five of the then-Big Six publishers–for conspiring to raise the price of ebooks in order to impact the market share that Amazon held over the industry. Last week, a new lawsuit was filed on behalf of consumers in 33 states, and this one seeks the full amount allowable under the law, or triple the amount that consumers presumably lost due to the collusion to overcharge for ebooks. This amount, if approved by the judge, would be well in the range of $840 million dollars.

The Verge

goodereader.com




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