Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

MacMillan Agrees to $20 Million E-Book Prices Settlement

Don't Miss Out —
Follow us on:

April 30 (Bloomberg) -- Verlagsgruppe Georg von Holtzbrinck GmbH’s MacMillan unit will pay $20 million in an accord with consumers to settle claims it conspired with Apple Inc. and other U.S. publishers to fix the prices of electronic books.

The agreement resolves both a lawsuit by U.S. states and a consumer class-action lawsuit, according to an April 25 letter the Texas attorney general sent to U.S. District Judge Denise L. Cote in Manhattan. MacMillan will also pay $3 million in legal costs to the states that sued and $2.5 million to the lawyers for the consumers in the class-action case, according to the letter.

The settlement follows a February agreement MacMillan reached with the Justice Department to resolve antitrust allegations. Other U.S. publishers already reached settlements with both the Justice Department and with the states. Apple is still defending the allegations.

The Justice Department and the other states led by Texas alleged publishers conspired with Apple in 2010 to undermine discounter Amazon.com Inc.’s dominance in the e-books market. MacMillan didn’t admit wrongdoing as part of the settlement, according to the filing.

Representatives of New York-based MacMillan didn’t immediately respond after regular business hours to an e-mailed request seeking comment on the settlement.

The case is In re Electronic Books Antitrust Litigation, 11-md-02293, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporter on this story: Edvard Pettersson in the Los Angeles federal court house at +1- epettersson@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.