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Hawaii part of $69M nationwide e-book antitrust deal

By Associated Press

LAST UPDATED: 11:45 a.m. HST, Aug 30, 2012

The Hawaii attorney general's office says consumers in the state could receive up to $300,000 in compensation under a nationwide settlement with three of the country's largest book publishers over price fixing allegations.

Hawaii Attorney General David Louie says the state's share is part of a $69 million antitrust agreement agreed to by Hachette Book Group Inc., HarperCollins Publishers LLC and Simon & Schuster Inc.

A lawsuit alleged a conspiracy to fix the prices of electronic books. The lawsuit and settlement stem from an investigation by the Connecticut and Texas attorneys general and the U.S. Department of Justice's Antitrust Division.

Consumers who purchased e-books from any of the publishers from April 2010 through May 21 can be compensated. Payments are to begin a month after a court approves the deal.

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Mike174 wrote:
Of course there is price fixing in that industry! I'm sure that settlement included the clause: "the parties do not admit wrongdoing." Ha! But Lawyers got the big bucks... Actual e-book buyers get, what? A nickel?
on August 30,2012 | 07:50AM
nodaddynotthebelt wrote:
Price fixing is everywhere. Just look at the video game industry. They fixed the price at $59.99. What about them? Every time Christmas comes around all the kid want video games that cost that much. And to force you to pay that price some companies actually set it up so that you cannot even buy their used game and expect to play it online because they require that game to be registered. How's that? They go after the little fish. They should go after the big fish.
on August 30,2012 | 08:52AM
Kalaheo1 wrote:
If this is like almost every other class action lawsuit, the law firms involved will take $35,000,000.00 and and we will get coupons good for 20 cents off an e-version of "Twilight."
on August 30,2012 | 11:38AM
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