Friday, October 31st8.2°C
23888
23883

NY attorney general says e-book buyers getting settlement credits from publishers this week

ALBANY, N.Y. - Buyers of electronic books will get account credits this week from five publishers who reached settlements after states alleged they colluded to raise prices, New York's attorney general said Tuesday.

The $166 million national settlements were approved Dec. 6 and cover claims from April 1, 2010, to May 21, 2012. Buyers who bought certain e-books from Amazon, Barnes & Noble, Kobo or Apple will automatically get partial refund credits in their e-book accounts. Notification emails to eligible buyers were going out starting Tuesday.

The publishers are Hachette Book Group, HarperCollins, Simon & Schuster, Penguin Group and Holtzbrinck doing business as Macmillan. They denied wrongdoing but agreed to the settlement to avoid going to trial.

Refund amounts are $3.06 for New York Times bestsellers bought during the period and 73 cents for any other book.

"Illegal actions by these publishers forced consumers in New York and across the nation to pay artificially inflated prices for e-books," New York Attorney General Eric Schneiderman said Tuesday. "Companies engaging in such anticompetitive conduct will be punished, and starting today those injured by their actions will start to receive full and fair compensation."

HarperCollins and Penguin Group declined to comment. The other three publishers did not immediately reply Tuesday to requests for comment.

Thirty-three states accused the publishers of collusion, though the settlement covers all U.S. buyers. About $11.5 million is expected to go to buyers in New York, according to Schneiderman's office.

The settlements in federal court in Manhattan prohibit the publishers from continuing so-called agency agreements, in which publishers rather than retailers set prices for each title.

Buyers of e-books from Sony will automatically receive refund checks in the mail. Those who bought from other retailers and who filed a timely claim with the settlement administrator will get refund checks in the mail.

A judge last year at trial found Apple Inc. colluded with publishers to raise e-book prices. A second trial to decide damages is expected this year.

___

Online:

Settlements background:

https://ebooksagsettlements.com/

The Canadian Press


Read more Business News

23028


Recent Trending




Today's Market
S&P TSX14458.69-68.88
S&P CDNX771.65-9.42
DJIA17195.42221.11
Nasdaq4566.138+16.912
S&P 5001994.65+12.35
CDN Dollar0.8936+0.0002
Gold1174.00-24.60
Oil80.27-0.63
Lumber322.40-1.20
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.11+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.045-0.015
Anavex Life Sciences0.1711-0.0089
Metalex Ventures0.0350.00
Russel Metals32.22-0.35
Copper Mountain Mining1.97-0.05
Colorado Resources0.14+0.005
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.375+0.005

 



22970

FEATURED Property
1892381585 Still Pond Lane
5 bedrooms 5 baths
$789,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22620