NV to get $600k in e-book price fixing settlement
LAS VEGAS (AP) — Prosecutors claiming there was a conspiracy to fix prices of electronic books say Nevada consumers will get up to $600,000 as part of a nationwide settlement.
Nevada Attorney General Catherine Cortez Masto and her counterparts from 54 other jurisdictions say they've come to a $69 million settlement with publishers Hachette, HarperCollins, and Simon & Shuster.
Officials say the money will be paid to consumers who bought electronic books from the publishers between April 1, 2010, and May 21. Payments are to begin a month after a court approves the deal.
Prosecutors say several publishers conspired to increase e-book prices for all consumers and to eliminate e-book price competition.
Hachette denied it was in a conspiracy but said it changed its pricing structure.