As Macmillan, Apple Prepare for Lawsuit, Justice Department Is Open for Last-Minute Talks

From Bloomberg.com (Apple, Macmillan Said to Prepare for U.S. E-Books Lawsuit):

Apple Inc. (AAPL) and the publisher Macmillan are preparing to be sued as soon as today by the U.S. Justice Department over alleged collusion in the pricing of e- books, according to two people familiar with the matter.

Apple and Macmillan, which have refused to engage in settlement talks with the Justice Department, deny they colluded to raise prices for digital books, the people said. In an antitrust case, they will argue that pricing agreements between Apple and publishers enhanced competition in the e-book industry, which was dominated by Amazon.com Inc. (AMZN)

The U.S. is still leaving the door open for last-minute settlement discussions this week, a person familiar with the situation said. Pearson Plc (PSON)’s Penguin Group (PNGN) was also preparing to fight the U.S. Justice Department in court if necessary, two people familiar with knowledge of the matter told Bloomberg News April 5.

Read more at Bloomberg.com.

COMMENT

Your email address will not be published. Required fields are marked *


*