Penguin and Macmillan notify customers of e-book settlement, after Apple conspiracy suit
Today, publishers Macmillan and penguin sent emails to eligible customers informing them that they could receive compensation from a settlement following the US Department of Justice antitrust against these companies, three other publishers, and Apple.
The notification follows a guilty verdict passed this Summer regarding the two publisher’s collusion with Apple, and three others, to fix e-book prices.
Customers who purchased e-books between the dates of April 1, 2010 and May 21, 2012 may receive an estimated $3.06 for each New York Times bestseller. Non-bestsellers will only receive estimated compensations of $0.73.
The notification applies only to Macmillan and Penguin, and not to any of the others indicted in the lawsuit. The notification also indicates that this settlement is still being reviewed by the court, which has previously approved the settlements of the other publishers, HarperCollins, Simon & Schuster and the Hachette Book Group.
Currently, Apple is the only company left that refuses to settle with the Department of Justice and individual states.
Apple continues to deny its attempts to fix e-book prices with the latter companies.
Following the guilty verdict in July of 2013, an Apple spokesperson said, “Apple did not conspire to fix ebook pricing and we will continue to fight against these false accusations. When we introduced the iBookstore in 2010, we gave customers more choice, injecting much needed innovation and competition into the market, breaking Amazon’s monopolistic grip on the publishing industry. We’ve done nothing wrong and we will appeal the judge’s decision.”