Ebooks Settlement Finally Gets OK from Judge

Sep 07, 2012


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The DOJ's lawsuit against Apple and several ebook publishers is settled, at least in part. After the settlement agreement was initially rejected for not being specific enough about how the figure was reached, a judge approved a new settlement between the DOJ and three of the five publishers named in the suit. The companies were accused of colluding to keep ebook prices high by employing the agency pricing model.

HarperCollins, Simon & Schuster, and Hachette have agreed not use the agency pricing model for three years. The decision is a controversial one, as commenters were largely against the suit as a whole, and that the settlement will give Amazon a leg up in the long run, forcing ebook prices lower. While consumers might like cheaper ebooks, publishers, writers, and Amazon competitos certainly don't.

Apple, Penguin, and Macmillan still intend to fight the accusations in court.

(www.apple.com)


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The Department of Justice's ongoing lawsuit against Apple and a number of book publishers for allegedly conspiring to increase ebook prices is taking another tun. According to The Daily Examiner, Apple has filed to block the settlement the DOJ reached with HarperCollins, Simon & Schuster, and Hachette back in May.