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New lawsuit accuses Amazon of e-book price fixing

New lawsuit accuses Amazon of e-book price fixing
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New lawsuit accuses Amazon of e-book price fixing

New lawsuit accuses Amazon of e-book value fixing

Amazon is dealing with a brand new lawsuit alleging {that a} deal between the corporate and 5 e book publishers has created larger costs on e-books, The Wall Avenue Journal reported.

The lawsuit filed by legislation agency Hagens Berman in a federal district courtroom in New York, alleges that the publishers pay excessive commissions and different prices to Amazon, which in flip will increase the retail value of e-books offered on the platform. Because of the deal between Amazon and the publishers— HarperCollins Publishers, Hachette E book Group, Penguin Random Home, Simon & Schuster, and Macmillan the Amazon value is the value the publishers cost different retailers as properly, stopping different sellers from providing the e-books at decrease costs, in keeping with the lawsuit.

The lawsuit claims the 5 publishers account for 80 % of books offered within the US, and calls the association a “conspiracy to repair the retail value of e-books,” which it argues is a violation of antitrust legislation.

In one other e-book lawsuit again in 2012, the Justice Division accused Apple of conspiring with main e book publishers in an try and compete with Amazon, by inflating e-book costs above the $9.99 value that Amazon most popular. Hagens Berman was lead counsel within the Apple case as properly. The publishers settled, however Apple went to courtroom and misplaced, ultimately agreeing to a $450 million settlement, with $400 million issued as refunds to shoppers. Apple denied any wrongdoing in regard to e-book pricing.

Amazon and the publishers named within the new lawsuit didn’t instantly reply to requests for remark from GadgetClock on Sunday.

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