DOJ Settlement Will Rescue US Postal Service

Expert publishing blog opinions are solely those of the blogger and not necessarily endorsed by DBW.

Publishers Lunch‘s Michael Cader reports that the three Big Six publishers settling the Department of Justice price-fixing lawsuit will be refunding to customers some $69 million in overcharges resulting from the “agency” business model.

Just how the proper recipients will be ascertained, their refunds calculated, customers notified, and payments issued are questions that seem pretty daunting to our untrained eye. No surprise that a number of attorneys general “told the judge that working out the mechanics of how restitution would be provided to consumers ‘ has proven to be a far slower process than we originally contemplated,'” Cader reports.

If you think you qualify, look for an email, and when offered a choice you probably should elect to get credit towards your next purchase. It’s impossible to project the tally if everyone asks for a refund check to be cut and mailed, but it may be sufficient to rescue the US Postal Service from impending bankruptcy.

Richard Curtis

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Richard Curtis

About Richard Curtis

Richard Curtis is a leading New York literary agent (www.curtisagency.com) who foresaw the Digital Book Revolution and launched an e-book publishing company early in 2000. E-Reads (www.ereads.com) is one of the foremost independent e-book publishers in the industry, specializing in reprints of genre fiction by leading authors in their fields. Curtis is also a well-known authors advocate, author of numerous works of fiction and nonfiction including several books about the publishing industry, and prolific blogger – see his hundreds of other blog posts here.

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