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US: Penguin makes $75M offer in class action e-books case

By  |  May 22, 2013
US: Penguin makes $75M offer in class action e-books case

E-books publisher Penguin has reportedly made a settlement offer for $75 million to consumer rights law firm Hagens Berman Sobol Shapiro. If approved by the court, the settlement will resolve allegations that Penguin, along with other publishers, fixed e-book prices. Hagens Berman described this case as “unprecedented” considering the cooperation between federal, state and private antitrust enforcement. Penguin settled with the US Department of Justice last year over similar price-fixing claims. Under terms of that agreement, Penguin agreed to stop its business practices deemed anticompetitive for two years. The class action was first tiled in August 2011.

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