Utah AG Office Press Room

UTAHNS TO BENEFIT FROM E-BOOK PRICE FIXING SETTLEMENT WITH PENGUIN

Utah Attorney General John Swallow  today announced the resolution of a multistate antitrust lawsuit against Penguin Group for price-fixing and collusion in the electronic book (E-book) market. Utah consumers will get about $1.5 million from the $164 million total from nationwide settlements with five major book publishers.
“Our antitrust attorneys are vigilantly fighting to protect consumers from price-fixing schemes,” says Attorney General Swallow.  “This latest settlement benefits E-book readers who bought in the past and also means lower prices for anyone buying E-books in the future.”Utah reached an agreement with Penguin to settle allegations that the book publisher colluded with other major publishers and Apple to manipulate prices in the E-book market. The agreement with Penguin must be approved by the U.S. District Court for the Southern District of New York.

When finalized, the agreement with Penguin will grant E-book outlets greater freedom to reduce the prices of their E-book titles. Consumers nationwide—including those represented by the attorneys general of the 33 states and territories and those represented by private counsel in a related class action—will receive $75 million in compensation from Penguin.

CONTACT

Ryan Bruckman

rbruckman@utah.gov

(801)538-1753

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This entry was posted on May 22, 2013 by .
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