U.S. Department of Justice files antitrust suit against e-book publishers and Apple

On 11 April 2012 the U.S. Department of Justice, Antitrust Division filed an antitrust suit against five book publishers and Apple. The suit alleges that publishers (with the help of Apple) entered into agreements that precluded e-book retailers from competing on prices by allocating the power to set prices with the publishers. By eliminating price competition among retailers, the cooperation allowed the publishers to raise prices for e-books.

Simultaneously with the filing of the suit, three of the publishers settled with the Department of Justice. The proposed settlements and the suit against the remaining publishers and Apple are ongoing at the U.S District Court for the Southern District of New York. [Juha Vesala]