Macmillan on Friday became the last of five major publishers to settle a lawsuit over the pricing of ebooks originally filed by the U.S. Department of Justice (DOJ) and 15 states in April 2012. In an email addressed to “Authors, Illustrators and Agents” Macmillan CEO John Sargent wrote that he believed the company had done nothing wrong and could still win the case, but the risk of losing the legal battle had become too high.
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.
In a memo filed this week with the Southern District Court of New York, Apple has refused a proposed settlement with three book publishers, and has said that it will instead seek a trail in the antitrust case pressed by the U.S. Department of Justice (DOJ). The DOJ initially sued Apple, Hachette SA, HarperCollins, Macmillan, [...]
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. [...]