April 23, 2012

Apple Denies Allowing eBook Price Fixing

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Following last week's todo concerning the price of eBooks, Apple seems to have welcomed the chance to go to trial over the allegation that the company allowed five of the major publishing houses to set their own prices to compete with Amazon's lower rate of e-books. Two major publishers, Hatchette Book Group and HarperCollins have already settled out of court, and Simon & Schuster is working on an agreement.

Apple lawyer Daniel Floyd said, "We believe that this is not an appropriate case against us and we would like to validate that" although the price hike came right before they released the iPad. Should Apple and the other two companies be found guilty, watch for the floodgates to open to class action suits and lower prices for the rest of us. The European Comission is looking into the problem and some Canadians are already filing suits. The U.S. District Court hearing is set for June 22.

Via DOJ

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Posted by Sheila Franklin at April 23, 2012 10:40 AM

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