NV to Get $600k in E-Book Price Fixing Settlement

By: Associated Press Email
By: Associated Press Email

LAS VEGAS (AP) - Prosecutors claiming there was a conspiracy to fix prices of electronic books say Nevada consumers will get up to $600,000 as part of a nationwide settlement.

Nevada Attorney General Catherine Cortez Masto and her counterparts from 54 other jurisdictions say they've come to a $69 million settlement with publishers Hachette, HarperCollins and Simon & Shuster.

Officials say the money will be paid to consumers who bought electronic books from the publishers between April 1, 2010, and May 21. Payments are to begin a month after a court approves the deal.

Prosecutors say several publishers conspired to increase e-book prices for all consumers and to eliminate e-book price competition.

Hachette denied it was in a conspiracy but said it changed its pricing structure.

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