Simon & Schuster settles price-fixing class-action lawsuit
May 18, 2012 | 12:55 am
CNet reports that Simon & Schuster, who has already settled its antitrust dispute with the Department of Justice, has joined HarperCollins and Hachette in settling the price-fixing class-action lawsuit by 29 states overseen by judge Denise Cote (who issued a ruling a couple of days ago denying the publishers’ and Apple’s motion to dismiss). The terms of the settlement have not yet been announced.
This leaves the remaining defendants the same in both legal actions: hold-outs Macmillan, Penguin, and Apple. It seems doubtful any of them will be inclined to settle.