Colorado consumers to receive $1.5M in e-book settlement

August 29, 2012

E-book consumers in Colorado will receive roughly $1.5 million under a nationwide settlement with three of the country’s largest book publishers over allegations of price fixing.

Colorado Attorney General John Suthers, along with the attorneys general of 54 other states, districts and U.S. territories, announced Wednesday that they have reached an antitrust settlement with Hachette Book Group, HarperCollins Publishers and Simon & Schuster. The three publishers have agreed to pay a total of more than $69 million to consumers to resolve antitrust claims that they illegally conspired to fix the prices of electronic books.  The companies also agreed to change the way they price e-books going forward.

“We will not tolerate publishers colluding to overcharge consumers millions of dollars for some of the most popular e-books,” Suthers said in a news release.

Under the settlement agreement, which a court must approve, Hachette, HarperCollins and Simon & Schuster will compensate consumers who purchased certain e-books from April 1, 2010 through May 21, 2012.  Payments will begin 30 days after court approval of the settlement becomes final. Eligible consumers will be notified by the retailer from which they purchased the e-book regarding the amounts they will receive.

Under the settlement, the three publishers also will have to allow all online retailers to competitively price all e-books in the future.

A case against two other publishers, Macmillan and Penguin, is still pending.

Comment Policy

LoginORRegister To receive a better ad experience

Learn more
You are reading 0 of your of 0 free premium stories for this month read

Register Today To get to up to 4 more free stories each and every month

  • Get access to commenting on articles
  • Access to 4 more premium pieces of content!
  • See fewer annoying advertisements
We hope you enjoyed your 4 free premium stories
Continue reading now by logging in or registering
Register Now
Already registered? Login Now