The independent newspaper of the University of Iowa community since 1868

The Daily Iowan

The independent newspaper of the University of Iowa community since 1868

The Daily Iowan

The independent newspaper of the University of Iowa community since 1868

The Daily Iowan

Attorneys general settle on e-book lawsuit

Iowa Attorney General Tom Miller and 54 attorneys general announced Thursday that they reached a $69 million antitrust settlement with three of the nation’s largest book publishers, according to a press release from the Iowa Department of Justice.

Hachette Book Group, HarperCollins Publishers, and Simon & Schuster have agreed to pay more than $69 million to consumers to resolve antitrust claims, the release said. The publishers also agreed to change the way in which they price e-books.

Concurrently, a civil antitrust lawsuit was filed in the U.S. District Court for the Southern District of New York against that Hachette, HarperCollins, and Simon & Schuster, among others, “conspired and agreed to increase retail e-book prices for all consumers.”

“We alleged that some of the largest publishers in the market fixed prices on e-books,” Miller said in the press release. “This case sends a message that undermining competition unfairly takes money away from consumers, it threatens our free market, and it’s something we just won’t tolerate.”

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