Pending the approval of U.S. District Judge Denise Cote, $69 million will be awarded to consumers who purchased agency-priced ebooks between April 2010 and May 2012, as part of a proposed settlement of a state antitrust suit filed against HarperCollins, Hachette SA, and Simon & Schuster. Led by the Attorneys General of Connecticut and Texas, 49 states (excluding Minnesota) and 5 U.S. territories had accused the publishers of conspiring to fix ebook prices.
This article has been updated to include information on the state lawsuits and Canadian, publisher statements, and links to the proposed settlement and competitive impact statement, courtesy of Infodocket. The Department of Justice today filed its antitrust suit against Apple, Hachette, HarperCollins, Macmillan, Penguin and Simon & Schuster over the agency model of ebook pricing. […]