Bloomberg News

Pearson’s Penguin Settles States’ E-Book Antitrust Claims (1)

May 22, 2013

Pearson Plc’s (PSON) Penguin unit said it reached a $75 million settlement of antitrust claims by 33 states and consumers over electronic-book pricing.

Penguin, which was sued last year for allegedly participating in a conspiracy with other publishers and Apple Inc. (AAPL:US) to fix the price of e-books, announced the settlement in a statement today. The company resolved related claims with the U.S. Justice Department in December.

The states claimed damages on behalf of people who were forced to pay too much for e-books because of the alleged conspiracy. The Justice Department and the states claimed Apple and five publishers, including Penguin, fixed prices in an attempt to undermine Amazon.com Inc. (AMZN:US)’s dominance of the market.

The Penguin settlement must be approved by a federal judge in New York before it can take effect. Apple is scheduled to begin a trial June 3 on civil antitrust claims by the Justice Department and states.

The case is U.S. v. Apple, 11-cv-02293, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporter on this story: Bob Van Voris in New York at rvanvoris@bloomberg.net

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


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