Apple is alone in e-books pricing lawsuit; Publishers agreed to settlement

It appears as if some serious problem is going to be created for Apple as it’s trial on ebook price fixing charges is filed by the U.S. government begins on Monday in New York.

Apple is alone in e-books pricing lawsuit; Publishers agreed to settlement-global-annal

Apple will have to alone deal with the charges put across by the U.S. Department of Justice in a non-jury trial. The trial is presided over by Judge Denise Cote for the U.S. District Court for the Southern District of New York who had already indicated her leaning to hold the company liable in a pre-trial hearing.

An antitrust lawsuit was filed by The Department of Justice in April last year alleging that Apple and five publishers including Penguin Group, HarperCollins, Simon & Schuster, Hachette, and Macmillan had been conspiring to increase ebook prices. The said publishers named in the lawsuit have all however since settled by agreeing to end prohibiting wholesale discounts and pay a sum total of $164 million, assigned to benefit consumers.

Source: Bloomberg, PCworld, Venturebeat 

Published by Bhavesh Kumar

A multi-talented professional with diverse experience spanning across Advanced statistical analysis,Python programming with NumPy, pandas, matplotlib, Seaborn, Tableau, Machine Learning with stats models and scikit-learn, Deep learning with TensorFlow, journalism (digital and broadcast), management consultancy and documentary filmmaking. Worked for the leading international news agencies on feature stories, videography, scripting, programming and editing broadcast news. A creative and analytical mindset focused on executing new-age strategic communication initiatives with all its corresponding elements (clear and coherently written key messages, marketing strategy and predictive analytics) to ensure effective target audience impressions. Also, worked on several primary and secondary market research projects (Market Feasibility Study) for businesses looking for actionable insights.

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