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E-Book Price Fixing Lawsuit Settled; Some Consumers Get Refunds

News release from attorney general’s office:
If you purchased E-Books over the past two years, you may soon be eligible for restitution as the result of a multistate agreement to resolve price-fixing allegations, Tennessee Attorney General Bob Cooper announced today. Tennessee is expected to receive approximately $1.2 million as part of the agreement.
The announcement comes after Attorney General Cooper and 54 attorneys general in other states, districts and U.S. territories have reached an antitrust settlement with three of the largest book publishers in the United States. Hachette Book Group Inc., HarperCollins Publishers L.L.C. and Simon & Schuster Inc. have agreed to pay a total of more than $69 million to consumers to resolve antitrust claims of an alleged unlawful conspiracy to fix the prices of electronic books (E-books). They have also agreed to change the way they price E-books in the future.
The agreement occurs in conjunction with a civil antitrust lawsuit filed today in U.S. District Court in New York against Hachette, HarperCollins, and Simon & Schuster, which alleges that they and two non-settling publishers (Macmillan and Penguin) along with Apple conspired to fix prices for E-books. Specifically, the complaint states, the publishers agreed to increase retail E-book prices for all consumers and to eliminate E-book retail price competition between E-book outlets regardless of where the consumers bought their E-books.

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