price fixing

If you've been a regular buyer of Kindle e-books for the last couple of years, Amazon has what might turn out to be a little good news for you.

The company has posted an FAQ about a credit that may become due to certain e-book buyers as a result of antitrust settlements reached in April between the Justice Department and the publishers Hachette, Harper Collins, and Simon & Schuster. (Amazon was not a party to the lawsuit in question, which involved allegations of price fixing between these publishers, two others, and Apple.)

If the settlement deals are approved by … Read more

The European Union's executive arm confirmed today that Apple and four e-book publishers have offered up a settlement deal on e-book price-setting that could be approved in the coming months.

According to the European Commission, Apple, Harper Collins, Hachette Livre, Macmillan, and Simon & Schuster (which is owned by CBS, the same company that publishes CNET) have agreed to terminate e-book agency pricing contracts and allow retailers to set their own prices on titles for a period of two years.

The proposed deal, which the EC did not offer an opinion on, will now be open to public comment, … Read more

The U.S. Department of Justice has reined down hard on a Taiwanese LCD screen maker in court, demanding $1 billion in fines and significant jail time for two former executives.

According to the Associated Press, AU Optronics carried out an extensive price-fixing scheme that feds said was the most significant ever prosecuted in the U.S. During a federal trial in March, the jury found both AU Optronics and two of its executives, Hsuan Bin Chen and Hui Hsiung, guilty of price-fixing.

The original complaints for the case alleged that the company worked to create an international "cartel&… Read more

Three major U.S. e-book publishers have agreed to a deal that will see them pay a significant sum for alleged e-book price-fixing.

Connecticut State Attorney General George Jepsen yesterday announced that he, "along with 54 attorneys general in other states, districts, and U.S. territories," have signed a $69 million deal with Hachette Book Group, HarperCollins Publishers, and Simon & Schuster (which is owned by CBS, the same company that publishes CNET) to settle antitrust claims over an alleged conspiracy to artificially inflate e-book prices.

"While publishers are entitled to their profits, consumers are equally entitled … Read more

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

LG Display agreed to pay $380 million to settle a lawsuit accusing it of conspiring to fix prices in the liquid crystal display market, the largest sum among its fellow defendants in the case.

Collectively, three companies agreed to pay $571 million to settle a class-action lawsuit that alleged LCD manufacturers colluded to drive up the price of screens used in televisions, laptops, and other electronics, according to a Reuters report. AU Optronics and Toshiba agreed to pay $170 million and $21 million, respectively, according to a plaintiffs' attorney.

A separate case involving seven other companies, including Samsung, Sharp, and … Read more

Toshiba conspired with vendors to keep LCD prices artificially high and is liable for an $87 million fine, a San Francisco jury determined today.

The 10-member jury deliberated for less than two days before finding Toshiba liable to manufacturers for $17 million and to consumers for $70 million. U.S. antitrust laws allow overcharge damages to be tripled.

However, the Japanese electronics giant said it doesn't anticipate paying anything toward the jury's fine because other defendants in the class-action lawsuit have already paid settlements that exceed the fine against Toshiba.

"Given credits for settlements by other defendants, … Read more

Apple and five big publishers are still on the hook to battle allegations of price fixing after a U.S. district court judge rejected their bid to dismiss a consumer lawsuit accusing them of colluding to maintain artificially high e-book prices.

Last month, the U.S. Department of Justice announced settlements with three publishers: Simon & Schuster, Hachette Book Group, and Harper Collins. Apple, Macmillan, and Penguin intend to fight the allegations in court. (Disclosure: Simon & Schuster is owned by CNET's parent company, CBS.)

Filed in the U.S. District Court for the Southern District of New York, … Read more

According to the Montreal Gazette, a local lawyer has seized an opportunity to sue Apple on behalf of any Canadian citizen who has purchased an e-book over the last two years, piggybacking on the U.S. Department of Justice's recent lawsuit (video), claiming Apple and its publishing partners colluded to fix the prices of e-books and drive down competition.

The Canadian class action suit was filed in February in Quebec Superior Court by Montreal lawyer Norman Painchaud, asserting that Apple (in tandem with its publishing partners) had conspired to raise prices of e-books from the $9.99 previously commonly … Read more