Penguin, Macmillan notify customers of e-book settlement
Penguin and Macmillan sent out emails to eligible customers today, notifying them that they're eligible to either receive iTunes credit or a check as part of the settlement of the US Department of Justice antitrust suit against these companies. Apple, despite a guilty verdict, remains the lone holdout in the price-fixing case.
The notification points out that this is just for Penguin and Macmillan, and the settlements are pending by the court. Previously approved settlements include HarperCollins, Simon & Schuster and the Hachette Book Group. Notifications were sent out about these earlier settlements in November 2012.
As of now, the settlement includes an estimated credit of $3.06 per e-book for New York Times bestsellers and $0.73 per e-book for non-bestsellers. Minnesota residents are included in the Penguin and Macmillan portions of the settlement, but will receive more e-book credit from a separate agreement with the other three publishing companies.
If the settlements are approved at a December 6 hearing, the credit will be issued to customers. Barring any appeals, that should be putting money back in your pocket some time in 2014.
Penguin and Macmillan sent out emails to eligible customers today, notifying them that they're eligible to either receive iTunes credit...
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