E-Book Readers To Receive Payments From Settlement

By: AP
By: AP
CHICAGO -- Illinois e-book customers are set to receive payments this week from a court settlement with five major publishers.

MGN Online

CHICAGO (AP) -- Illinois e-book customers are set to receive payments this week from a court settlement with five major publishers.

Hachette Book Group, HarperCollins, Simon and Schuster, Macmillan, and Penguin Group agreed to pay $166 million nationwide to readers. Illinois will receive more than $6.4 million in payments. Most customers will receive a credit to their online accounts without filing a claim. Others will receive payments by check.

The settlement stems from an alleged conspiracy between the five publishers and Apple Inc. between 2010 and 2012.

In 2013, a federal court in New York found that Apple Inc. had conspired with the five publishers to drive up the price of e-books by $3. A second trial is set for later this year to determine the amount of damages Apple Inc. will pay.


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