Bloomberg News

Hachette, HarperCollins Pact Deserves Approval, U.S. Says

August 03, 2012

A U.S. antitrust settlement with e- book publishers Simon & Schuster, Hachette Book Group and HarperCollins should be approved by a judge, lawyers for the federal government said in a court filing.

CBS Corp. (CBS:US)’s Simon & Schuster, News Corp. (NWSA:US)’s HarperCollins and Lagardère SCA’s Hachette Book Group previously agreed to settle a U.S. lawsuit alleging e-book price-fixing. Lawyers for the government today filed papers in Manhattan asking U.S. District Judge Denise Cote to sign off on the accord.

“Prompt entry of the proposed final judgment will benefit consumers,” lawyers with the Justice Department’s antitrust division said.

Under the settlement, the three companies agreed to cancel contracts with electronic-book sellers that allowed publishers to set prices. Claims by the U.S., 15 states and Puerto Rico are pending against Apple Inc. (AAPL:US) and other companies.

The case is U.S. v. Apple, 12-cv-02826, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporters on this story: David Glovin in New York federal court at dglovin@bloomberg.net;

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net


Soul Searcher
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • CBS
    (CBS Corp)
    • $59.25 USD
    • 0.08
    • 0.14%
  • NWSA
    (News Corp)
    • $16.75 USD
    • 0.12
    • 0.72%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus