Penguin and Macmillan Announce E-Book Settlement to Customers

Penguin and Macmillan Announce E-Book Settlement to Customers

Today, Penguin and Macmillan have begun notifying eligible customers that they may receive iTunes credit or a check as part of a legal settlement related to the US Department of Justice’s antitrust lawsuit. Apple, despite being found guilty, has not yet agreed to a settlement in this price-fixing case.

The announcement clarified that only Penguin and Macmillan are involved in this notification, with court approval still pending for their settlements.

Penguin and Macmillan Announce E-Book Settlement to Customers

Previous settlements had been reached with HarperCollins, Simon & Schuster, and Hachette Book Group, with notifications issued in November 2012.

Under the current terms, the settlement offers an estimated $3.06 credit per e-book for titles that were New York Times bestsellers, and $0.73 per e-book for other titles. Residents of Minnesota will receive additional e-book credits from a separate settlement involving the other three publishers.

If the court approves the settlements during the scheduled December 6 hearing, credits will be issued to customers.

Unless there are appeals, these credits are expected to be distributed in 2014, potentially providing a financial boost to many e-book purchasers.

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Steven

Daniel is a dedicated writer for TUAW, bringing years of experience and a deep love for all things Apple. With a keen eye for detail, Daniel covers everything from the latest iPhone and iPad releases to the newest features in macOS and watchOS. His insightful articles and reviews help readers stay informed and make the most of their Apple products. When he’s not writing, Daniel enjoys exploring new apps and tinkering with his MacBook Pro.