Readers to get USD 166 million in e-book price-fixing settlement
As part of a price-fixing settlement, major e-book publishers have reportedly agreed to fund back166 million dollars to people in New York and 32 other states.
Attorney General Eric Schneiderman said in a statement that for each book the readers brought, they will be entitled to small refunds to their Kindle, Nook and other e-book seller accounts.
According to the New York Post, the states had sued publishing heavyweights Hachette, HarperCollins, Simon & Schuster, Macmillan, and Penguin as well as Apple, for practicing illegal e-book pricing.
Schneiderman said that illegal actions by these publishers forced consumers in New York and across the nation to pay artificially inflated prices for e-books.
He added that companies engaging in such anti-competitive conduct will be punished - and starting today, those injured by their actions will start to receive full and fair compensation.
The settlements were reportedly approved in Manhattan federal court last Dec. 6.
(Posted on 27-03-2014)
Information on States of India:
Andaman Nicobar | Andhra Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal
INDIA REGIONAL MAPS:
Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |
MORE MAPS OF INDIA:
INDIA CITY MAPS:
KERALA TRAVEL MAPS: