29 May 2013

Penguin settles eBook price-fixing case

London-headquartered publisher Penguin is set to pay out $75 million to settle a case in which it was accused of fixing the price of eBooks.

By James Barnes

Penguin: publisher marches towards settlement

Connecticut Attorney General George Jepsen confirmed the settlement, adding that the book publisher will pay $75m in consumer restitution and as injunctive relief, reports Techno Buffalo.

Competitive marketplace

Three other publishers accused of being in on the scheme – Hachette Book Group, HarperCollins Publishers and Simon & Schuster - settled last April, while Apple is still contending the allegations and is scheduled to appear in a New York court next week.
‘Consumers are entitled to a fair, open and competitive marketplace,’ commented Attorney General Jepsen. ‘This agreement is yet another step toward providing restitution to those consumers who were harmed by alleged price-fixing within the eBook market and will further ensure that, going forward, consumers benefit from fair competition in the sale of eBooks.’

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