Tech

Penguin says DOJ complaint contains “misstatements and omissions”

Josh Peterson Contributor
Font Size:

The U.S. hit Apple Inc. AAPL -0.36% and five of the nation’s largest publishers with an antitrust lawsuit over the fast-growing e-book market, alleging they conspired to raise prices and block Amazon.com Inc. AMZN +0.53% from selling e-books at $9.99.

Three of the publishers settled the U.S. suit and agreed to let Amazon and other retailers set the consumer price of e-books, upending the model that had led the price of many best-selling e-books to rise to $12.99 or $14.99. A separate settlement with states could lead to tens of millions of dollars in restitution to consumers who bought e-books.

Full Story: U.S. Suit Says Apple, Publishers Colluded on E-Book Prices