Senator says Apple e-book suit has 'empowered monopolists'
New York Sen. Charles Schumer reprimanded the Department of Justice today for filing its e-book antitrust lawsuit against Apple. Using strong language in a Wall Street Journal Op-Ed, he wrote that "the suit could wipe out the publishing industry as we know it."
The Department of Justice brought the lawsuit against Apple in April alleging that the tech giant and a group of book publishers colluded to illegally fix e-book prices to boost profits and force e-book rival Amazon to abandon its discount pricing.
The suit also alleges that Apple and the publishers pushed an "agency model&… Read more