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Credits Coming After States Reach $166M E-Book Settlement

(Image Courtesy: MGN Online)

(Image Courtesy: MGN Online)

(WGGB) — Purchasers of some electronic books, or e-books, may be seeing credits in their accounts as part of a multi-state settlement.

New York Attorney General Eric Schneiderman says in a statement that the $166 million settlement came after a lawsuit was filed against five publishers – HarperCollins Publishers, Hachette Book Group, Simon and Schuster, Holtzbrink Publishers (doing business as Macmillan), and Penguin Group – as well as Apple.

That suit, which was brought by 33 states, alleged that the companies engaged in “anticompetitive activity in the e-book industry.”

“Illegal actions by these publishers forced consumers in New York and across the nation to pay artificially inflated prices for E-books. Companies engaging in such anticompetitive conduct will be punished—and starting today, those injured by their actions will start to receive full and fair compensation,” Schneiderman adds in a statement.

Many customers who made e-book purchases from Amazon, Barnes and Noble, Kobo, or Apple will automatically receive a credit in their account.

Those who bought e-books from Sony will automatically receive a refund check in the mail.

Schneiderman’s office adds that those who bought e-books from other retailers, and who filed a timely claim for will receive checks in the mail.

For more information on the settlement, you can CLICK HERE.

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