
By colluding with book publishers to raise the price for e-books, Apple is accused of violating antitrust laws. The ‘fruit company’ stripped retailers of pricing authority, according to the announcement of federal prosecutors, released on May 14. The antitrust lawsuit Apple collusion initiated was filed by the U.S. Department of Justice in April last year; the company was accused of conspiring to illegally fix e-book prices, and so were five book publishers as well. The list included some big name publishers: Penguin Group, Macmillan Publishers, CBS-owned Simon & Schuster, giant HarperCollins Publishers, and French Hachette Book Group. The lawsuit is now settled.
Continue Reading










