Tuesday, April 28th5.7°C
24963
25546

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

25968


Recent Trending




Today's Market
S&P TSX15298.76-45.32
S&P CDNX692.60+2.50
DJIA17919.26-118.71
Nasdaq5021.20-39.04
S&P 5002097.42-11.50
CDN Dollar0.8305+0.0034
Gold1205.30+2.00
Oil56.90-0.09
Lumber253.80-2.40
Natural Gas2.505+0.015

 
Okanagan Companies
Pacific Safety0.105+0.025
Knighthawk0.010.00
QHR Technologies Inc1.43+0.03
Cantex0.03-0.01
Anavex Life Sciences0.367-0.028
Metalex Ventures0.095+0.000
Russel Metals27.19+0.14
Copper Mountain Mining1.25+0.00
Colorado Resources0.10+0.01
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.03-0.01
Mission Ready Services0.19-0.01
Decisive Dividend Corporation1.80+0.10

 



25968

FEATURED Property
2252548103-2205 Louie Drive
5 bedrooms 4 baths
$949,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Buy versus rent

Consider the top five reasons to buy versus rent: #5 Experience Freedom: Home ownership will free you from the ties that bind you to a landlord...no longer will you be dependent on someone else&rsq...


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...

_



26069

26069


Member of BC Press Council


25249