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eBook price-fixing settlement could give customers $3 refund per book bought

Published Aug 30th, 2013 9:00PM EDT
Apple eBook Price Fixing Settlement

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Apple may still deny that it ever fixed the prices of eBooks, but that’s not stopping some of the company’s alleged co-conspirators from settling with the federal government. Per MacRumors, publishers Macmillan and Penguin have followed in the footsteps of Hachette, HarperCollins, and Simon & Schuster and have submitted a settlement in the price-fixing case for court approval. If the proposal is accepted and integrated with earlier settlements, then customers who bought books on the Apple iTunes bookstore between April 1st, 2010 and May 21st, 2012 would receive a $3.06 refund per New York Times bestseller bought and $0.73 for all other eBooks bought.

Brad Reed
Brad Reed Staff Writer

Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.