The settlement would resolve claims filed by 33 state attorneys general against Penguin, as well as class-action lawsuits filed by consumers who alleged the company's behavior violated unfair competition laws and caused consumers to overpay for e-books.
Along with the $75 million in damages, Penguin also agreed to pay costs and fees related to the claims and abide by the same "injunctive relief" as in its … Read more
Apple CEO Tim Cook will testify as part of the U.S. Department of Justice's antitrust case against Apple, a judge ruled today.
Cook, who became Apple's CEO in August 2011, will be required to engage in four hours of testimony per a ruling by U.S. District Judge Denise Cote in Manhattan today, Reuters reports.
Apple had attempted to prevent Cook's involvement, arguing that the Justice Department already had access to nearly a dozen of its executives as part of the case.
In April 2012, the Justice Department sued Apple, along with five of the six … Read more
Apple CEO Tim Cook may testify in the U.S. Department of Justice's antitrust case against the company over e-book prices, Bloomberg reported today.
In the lawsuit, filed in April, federal prosecutors accused Apple and five book publishers of working together to artificially hike e-book prices.
In a letter earlier this week, the Justice Department asked U.S. District Judge Denise Cote to help settle a "discovery dispute" over Cook's deposition, or testimony taken outside of court, according to Bloomberg. Cote scheduled a March 13 conference call in response.
Apple remains the sole defendant in the … Read more
Apple may be working on some new search and highlight features for reading e-books on iPads, Patently Apple reported today.
The company filed a patent application for "creating and viewing digital note cards," according to the application published today (PDF below). The patent outlines technology for a new floating toolbar that allows users to do quick searches of text and enable highlighting and note-taking.
Users would be able to highlight text with various colors or by applying different fonts -- like strike-through font -- and add notes. In addition to text, these notes could include other media such … Read more
In an antitrust lawsuit filed last April, federal prosecutors accused Apple and five book publishers of conspiring to artificially hike prices. The same day, the Justice Department announced it had reached settlements with three publishers but said Apple and the other two publishers had opted to fight the charges. Lagardere SCA's Hachette Book Group, News Corp.'s HarperCollins Publishers, and Simon & Schuster (owned by CBS, which publishes CNET) agreed to settle. … Read more
Penguin has become the latest book publisher to settle federal charges of e-book price-fixing, leaving only Apple and Macmillan to fight the Justice Department allegations.
In an antitrust lawsuit filed in April, federal prosecutors accused Apple and five book publishers of conspiring to artificially hike prices. The same day, the Justice Department announced it had reached settlements with three publishers but said Apple and the other two publishers had opted to fight the charges. Lagardere SCA's Hachette Book Group, News Corp.'s HarperCollins Publishers, and Simon & Schuster (owned by CBS, which publishes CNET) agreed to settle.
Penguin added … Read more
Apple and four major publishers have settled a case with European antitrust regulators after negotiations began in September, ending an ongoing row over e-book price fixing.
The iPhone and iPad maker, along with HarperCollins, Hachette Livre, Verlagsgruppe Georg von Holtzbrinck-owned Macmillan, and CBS-owned Simon & Schuster (CNET and ZDNet are also owned by CBS), all agreed to legally binding conditions that would ease pricing restrictions on Amazon and other e-book sellers.
A fifth publisher, Penguin -- owned by U.K. group Pearson -- is still under investigation as the publisher "chose not to offer commitments," but … Read more
Apple has reportedly negotiated a deal with European regulators that will help the company avoid litigation for potential antitrust violations while also enabling Amazon to offer lower prices than offered at Apple's iBookstore.
Reuters reports that EU regulators are preparing to accept the offer presented by Apple and four top book publishers: News Corp unit HarperCollins, Lagardere SCA's Hachette Livre, Verlagsgruppe Georg von Holtzbrinck, the owner of German company Macmillan, and Simon & Schuster, owned by CBS, parent company of CNET.
Apple's antitrust issues involving e-books began in the United States last spring. The U.S. government … Read more
Apple has come up with a deal that may get the company out of an European antitrust investigation and avoid possible fines by letting its competitors sell e-books at a discount, Reuters reported today.
The agreement, proposed by Apple and four major publishers, would let e-book retailers like Amazon sell books at a lower price for two years, an unnamed source told Reuters.
In fear of Apple squashing competition in Europe, the European Union's commission overseeing antitrust violations began investigating Apple's e-book prices in December.
The four publishers -- Simon & Schuster (which is owned by CBS, the … Read more
An Amazon publishing division has inked a partnership with a book distributor that could help ease some of the tension in the e-book industry.
Amazon's New York-based book publishing imprint signed a deal with book distributor Ingram Content Group that will allow Amazon competitors such as Apple and Barnes & Noble to sell Amazon titles, PaidContent reported today.
"We welcome Amazon Publishing's New York adult group to the growing list of publishers who use our service," Phil Ollila, Ingram Content Group's chief content officer, told PaidContent. The partnership does not include Amazon's West Coast … Read more
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