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Payments On The Way In E-book Pricing Settlement

flickr user: kodomut (CC BY 2.0)

Illinois e-book customers are scheduled to receive payments from a court settlement with five major publishers.

U.S. Dept. of Justice: DETAILS OF THE CASE

Illinois Attorney General: Book Publishers Conspired To Overcharge Consumers For e-Books

According to independent settlement administrator Rust Consulting,the deal was reached with publishers Hachette, HarperCollns, Macmillan, Penguin and Simon & Schuster in antitrust lawsuits filed by State Attorneys General and Class Plaintiffs about the price of electronic books.

  • The lawsuits claim there was a conspiracy involving five of the nation’s top publishers and Apple Inc. to fix and raise retail prices of E-books.  All five of these publishers have agreed to settle the lawsuit.  A separate lawsuit with similar claims continues against Apple.
  • If you purchased one or more E-books from April 1, 2010 through May 21, 2012 that were published by any of the five Publishers, you may be eligible for a partial refund of the purchase price.
  • The Settling Publishers deny they did anything wrong, but have agreed to settle to avoid the cost and risk of a trial.

Information from Rust Consulting