Published Online: June 4, 2013
Published in Print: June 5, 2013, as Settlement is Reached in E-Book-Price Case

News in Brief

Settlement is Reached in E-Book-Price Case

Article Tools
  • PrintPrinter-Friendly
  • EmailEmail Article
  • ReprintReprints
  • CommentsComments

A division of Pearson, the worldwide publisher of education products and other materials, has agreed to pay $75 million as part of a settlement of a lawsuit in which a group of companies was accused of fixing the price of e-books.

The lawsuit had alleged that Penguin, whose parent company is Pearson, and other publishers had conspired with Apple Inc. to limit competition and fix the retail price of e-books, as a way to combat Amazon's influence over the market through the Kindle, including its ability to offer discounted prices.

Pearson officials described the settlement in a statement as part of a "comprehensive agreement" with the attorneys general from several states and plaintiffs in a private class action. Pearson officials said they committed to the same terms as part of a previous settlement over related allegations with the U.S. Department of Justice.

Vol. 32, Issue 33, Pages 4-5

Related Stories
You must be logged in to leave a comment. Login | Register
Ground Rules for Posting
We encourage lively debate, but please be respectful of others. Profanity and personal attacks are prohibited. By commenting, you are agreeing to abide by our user agreement.
All comments are public.

Back to Top Back to Top

Most Popular Stories