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Penguin Settles eBook Price Fixing Allegations with $75M Fine, Apple Trial Starts June 3

by Todd Haselton | May 22, 2013May 22, 2013 9:00 pm PST

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Connecticut Attorney General George Jepsen issued a release on Wednesday stating that Penguin Group has reached a settlement in which it was accused of fixing the prices of eBooks. The book publisher will pay $75 million in consumer restitution and as injunctive relief, Jepsen said. Three other publishers accused of being in on the scheme – Hachette Book Group, HarperCollins Publishers and Simon & Schuster –  settled last April.

“Consumers are entitled to a fair, open and competitive marketplace,” said Attorney General Jepsen. “This agreement is yet another step toward providing restitution to those consumers who were harmed by alleged price-fixing within the eBook market and will further ensure that, going forward, consumers benefit from fair competition in the sale of eBooks.”

Apple, meanwhile, is still fighting the allegations and a trial is scheduled in New York on June 3. Apple CEO Tim Cook may be called to testify in front of the court.

CT.gov

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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