Thursday, April 12, 2012

U.S. Sues Apple and Publishers as E-book Set Price

Washington - The U.S. Justice Department sued Apple and five publishing companies on Wednesday, accused of conspiracy to raise prices and restrict competition e-book and immediately announced a partial settlement in this case.

After the anti-monopoly lawsuit was launched, officials said three of these publishers have agreed to terminate the plan to force retailers like Amazon to accept the new pricing plan to limit their ability to offer discounts for electronic books.

Hachette Book Group, HarperCollins and Simon & Schuster has reached an agreement, but this case will still proceed against both Apple and other publishers - Macmillan and Penguin Group - "for conspiracy to limit freedom of e-book retailers to price competition," said Department of Justice .