Indiana News

Federal Judges Rules that Apple Inc. Conspired to Raise Prices of E-Books

INDIANAPOLIS, Ind. (WOWO): A federal judge has ruled that Apple Inc. conspired with major U.S. publishers to artificially raise the prices of e-books.

The lawsuit was filed in U.S. District Court by the Department of Justice and 32 other states including Indiana. A DOJ investigation found prices were universally raised from $9.99 to $12.99 and $14.99 between the publishers. Apple in effect eliminated competition and netted a 30 percent commission.

The case includes publishers HarperCollins, Penguin Group as well as Simon & Schuster. Indiana Attorney General Greg Zoeller says it will mean $2.7 million dollars in refunds for Hoosiers and more than $166 million for consumers nationwide.

 

Related posts

Indiana abortion clinics reopening after judge blocks ban

AP News

Fort Wayne ranked 135th healthiest city nationwide

Brooklyne Beatty

Fort Wayne weekend events, July 28 – 30

Brooklyne Beatty