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garyopa
04-14-2012, 01:12 PM
Preventing monopolistic tactics

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Apple, HarperCollins, Macmillan and Penguin sued for e-Books pricing tactics to damage Amazon sales

Another judicial dispute involving Apple. This time, the topic is the tactics the company used to convince publishers such as HarperCollins, Macmillan and Penguin over e-Books pricing to raise the prices to the customers and getting more benefits, forcing Amazon to elevate its prices accordingly.



The U.S. filed a price- fixing antitrust lawsuit against Apple Corp. and Hachette in New York district court over eBook pricing. The government also sued HarperCollins, Macmillan and Penguin, according to court papers.

Apple and Macmillan, which have refused to engage in settlement talks with the Justice Department, deny they colluded to raise prices for digital books, according to people familiar with the matter. 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)


You have the full coverage on the link below.

NEWS SOURCE: http://www.bloomberg.com/news/2012-04-11/u-s-files-antitrust-lawsuit-against-apple-hachette.html

Our thanks to 'Kaos2K' for this news update!

Battlefield
04-14-2012, 01:39 PM
How stupid can they be? Did they never learn from Nintendo, Sony etc.?

Price fixing on famous products usually comes out in the open sooner or later.