Images

Paid Content has an excellent summary of the status of the price-fixing lawsuits:

Back in August, a class action lawsuit was filed against five major book publishers and Apple (NSDQ: AAPL), accusing them of colluding to jack up the price of e-books in an effort to wrest back pricing power from Amazon (NSDQ: AMZN). The suit claims millions of customers overpaid for e-books because of the alleged price fixing plan.

SEE ALSO: The Lawsuit Against Apple And Big Publishers: What’s In It

Turns out, that suit was simply the opening act. It has now ballooned into more than a dozen lawsuits, and dragged Amazon and Barnes & Noble (NYSE: BKS) into the mix.

The very next day after the original suit was filed in California, a New York firm pounced on the publishers with a second lawsuit—and 15 others soon followed, according to plaintiffs’ attorney, Douglas Thompson. A lawyer for the publishing industry who did not want to be identified says Amazon has been named as a defendant in at least two of the lawsuits and Barnes & Noble in one of them.

See the article for all the details.

NO COMMENTS

The TeleRead community values your civil and thoughtful comments. We use a cache, so expect a delay. Problems? E-mail newteleread@gmail.com.