Post by Logan on Jun 21, 2016 19:57:06 GMT -6
Rutledge: $400 million in Apple e-book settlement payouts to begin
LITTLE ROCK — Arkansas Attorney General Leslie Rutledge said today that eligible Arkansans who have purchased electronic books (e-books) will begin receiving their share of Apple Inc.’s $400 million settlement payout, the result of a multistate e-books price-fixing case.
Arkansas and 32 other states filed a lawsuit against Apple Inc. for conspiring to artificially inflate e-book prices with five major publishers. The publishers — Penguin, Macmillan, Hachette, HarperCollins, and Simon & Schuster — settled the claims against them for a total nationwide payment of $166 million, which was mostly distributed to consumers in March 2014.
“Arkansans are entitled to an equitable and fair marketplace, but Apple violated that trust with this scheme,” said Attorney General Rutledge. “E-books have become popular in recent years, but when the costs are inflated to build the company’s profit, attorneys general have a duty to protect consumers. Actions like this will not be tolerated and companies like Apple will be held responsible for their corrupt actions.”
In July 2013, after Apple declined to settle with the states, the U.S. District Court for the Southern District of New York ruled Apple had conspired to raise the retail prices of e-books in violation of state and federal competition laws.
Read more: www.baxterbulletin.com/story/news/2016/06/21/rutledge-400-million-apple-e-book-settlement-payouts-begin/86213782/
LITTLE ROCK — Arkansas Attorney General Leslie Rutledge said today that eligible Arkansans who have purchased electronic books (e-books) will begin receiving their share of Apple Inc.’s $400 million settlement payout, the result of a multistate e-books price-fixing case.
Arkansas and 32 other states filed a lawsuit against Apple Inc. for conspiring to artificially inflate e-book prices with five major publishers. The publishers — Penguin, Macmillan, Hachette, HarperCollins, and Simon & Schuster — settled the claims against them for a total nationwide payment of $166 million, which was mostly distributed to consumers in March 2014.
“Arkansans are entitled to an equitable and fair marketplace, but Apple violated that trust with this scheme,” said Attorney General Rutledge. “E-books have become popular in recent years, but when the costs are inflated to build the company’s profit, attorneys general have a duty to protect consumers. Actions like this will not be tolerated and companies like Apple will be held responsible for their corrupt actions.”
In July 2013, after Apple declined to settle with the states, the U.S. District Court for the Southern District of New York ruled Apple had conspired to raise the retail prices of e-books in violation of state and federal competition laws.
Read more: www.baxterbulletin.com/story/news/2016/06/21/rutledge-400-million-apple-e-book-settlement-payouts-begin/86213782/