A PYMNTS Company

DOJ responds to public on e-books, Apple Settlement

By  |  July 23, 2012
DOJ responds to public on e-books, Apple Settlement

The U.S. Department of Justice issued a response to public comments with regard to the proposed settlement of the e-books antitrust case against Apple and five major American publishers. “After careful consideration of the comments,” they wrote, “the United States has concluded that the proposed Final Judgment will provide an effective and appropriate remedy for the antitrust violations alleged in the Complaint…” The DOJ insists that the rising prices of e-books were the result of collusion between the publishers. While News Corp.’s (NWS, NWSA) HarperCollins Publishers LLC, Hachette Book Group Inc. and Simon & Schuster Inc. have all agreed to settle, the case is proceeding against Apple and the other publishers, Pearson PLC’s (PSO, PSON.LN) Penguin Group USA and Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: MarketWatch

     

    Related content: United States v. Apple and the Contemporary Legitimacy of Antitrust

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.