Apple

Apple and five major publishers sued by DOJ over e-book price fixing

The U.S. Government has advanced a motion to Apple Inc. and to the publishers Hachette SA, HarperCollins, Macmillan, Penguin and Simon & Schuster over alleged e-book pricing. The U.S. Department of Justice prepared the lawsuit since yesterday, when the decisions were still in counsel.

Reuters’ sources informed that DOJ was investigating Apple’s deals with the publishers, deals that were calculating the e-book prices such as to trade 30 percent cut of sales to Apple.

Apple and Macmillan denied the accusation that they were raising e-book prices and, thus, refused to participate to settlement arguments with the Department of Justice, which is now preparing to sue the companies.

Anyway, DOJ’s door is still open to discussions, though Apple considers its e-book pricing honest. The U.S. Government may sue Apple any minute from now and what I mostly fear is not that the Cupertino Company will not get through the lawsuit, but whether or not this lawsuit will stain its sleek image.

Source: Bloomberg

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>