E-book Users Could Be Eligible for Credits

CourtMoney

Some e-book users in Ohio may be eligible for credits after an anti-trust lawsuit was settled with a major book publisher.

Attorney General Mike DeWine Wednesday announced the resolution of a multistate antitrust lawsuit against Penguin Group Inc. An agreement was reached with the publisher accused of colluding with other major publishers and Apple Inc. to manipulate prices in the e-book market.

An estimated $4.77 million will be distributed to Ohio consumers as a result of the settlement and previous settlements with four other publishers, a news release from Ohio Attonrey General Mike Dewine stated.

“We are pleased to have reached this settlement, which is the next step in this important case,” said Dewine. “We will continue to work with the other attorneys general to ensure that consumers who purchased e-books recoup the overcharges they paid as a result of the conspiracy.”

The agreement with Penguin must be approved by the U.S. District Court.

Consumers will be notified by email letting them know when their credits will be available.

The multistate antitrust action based on the same allegations against Apple Inc. remains pending with trial scheduled in June 2013.

 

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