The last of the five publishers sued for conspiring with Apple Inc. to fix the prices of electronic books has agreed to pay $75 million to settle cases brought by consumers and attorneys general in 33 states.

Penguin Group (USA) Inc., based in New York, reached the settlement on May 22 to resolve allegations it artificially raised the prices of e-books in violation of U.S. antitrust laws.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]