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E-book readers to receive payments from settlement

Published: Wednesday, March 26, 2014 3:30 a.m. CST

CHICAGO (AP) — Illinois e-book customers are set to receive payments this week from a court settlement with five major publishers.

Hachette Book Group, HarperCollins, Simon and Schuster, Macmillan, and Penguin Group agreed to pay $166 million nationwide to readers. Illinois will receive more than $6.4 million in payments. Most customers will receive a credit to their online accounts without filing a claim. Others will receive payments by check.

The settlement stems from an alleged conspiracy between the five publishers and Apple Inc. between 2010 and 2012.

In 2013, a federal court in New York found that Apple Inc. had conspired with the five publishers to drive up the price of e-books by $3. A second trial is set for later this year to determine the amount of damages Apple Inc. will pay.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 

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