Region-News-Team-Black-Logo

Agreement Reached with Penguin for Price-Fixing and Collusion

Share this post

Indiana Attorney General
Indiana Attorney General Greg Zoeller today announced an agreement has been reached with Penguin Group Inc. to settle allegations that the book publisher colluded, along with other major publishers and Apple Inc., to manipulate prices in the E-book market. Zoeller says if approved by the U-S District Court, Indiana's consumers who purchased E-books published by Penguin will receive one-point-one-five million dollars in total refunds via their E-book accounts, as well as benefit from restored competitiveness within the E-book marketplace. Indiana has previously settled with four other publishers, and Zoeller says together, these five settlements will result in Indiana consumers receiving two-point-seven million dollars in refunds.
Indiana's antitrust action based on the same allegations against Apple Inc. remains pending, with a trial scheduled next month.
# # #


Meet-The-Team

Laura-WZVN Scott-WZVN Brent-WZVN
LAURA WALUSZKO
Region News Team
SCOTT ROSENBERG
Region News Team
BRENT BROWN
Region News Team
Jay-WZVN Karl-WZVN Annie-WZVN
JAY STEVENS
Region News Team
KARL BERNER
Region News Team
ANNIE FOX
Region News Team

Recent-Newscast

Flash is not supported on this device. If you wish to listen to this audio, you must download and play an mp3 using an mp3 player on your device. CLICK HERE