Law firm Finkelstein Thompson LLP filed a class action complaint against Apple, Inc. and six major book publishers alleging a horizontal conspiracy to fix and increase the price of eBooks in the United States. These allegations, if proved, may entitle purchasers of eBooks to monetary damages. The publishers include Hachette Book Group, Inc., HarperCollins Publishers Inc., Macmillan Publishers, Inc., Penguin Group (USA), Inc., Random House, Inc., and Simon & Schuster, Inc. The action is currently pending before a New York State judge.
The complaint alleges that six of the defendants implemented price-fixing agreements contemporaneously with Apple’s introduction of the iPad in April, 2010. Defendants allegedly did so by coordinating the introduction of an “agency” model for eBooks sales, where the publishers are the direct sellers of the eBooks and dictate the price at which online retailers, such as Amazon.com, can sell the eBooks as agents for the publishers. The book publishers and Apple allegedly agreed among themselves to simultaneously raise the price of eBooks, often from $9.99 to $12.99 or higher.
If you are interested in discussing your rights, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC offices at (877) 337-1050 or by email at email@example.com