Monday, February 11, 2013

Macmillan Settles eBook Suit

Macmillan, the last publisher left in a U.S. lawsuit alleging an e-books price-fixing conspiracy with Apple Inc., reached a settlement with the U.S., agreeing to void deals with retailers that restrict discounting. 
The settlement also requires Macmillan to avoid entering any new restrictive agreements on price or promotions until December 2014. Macmillan, a unit of Stuttgart, Germany-based Verlagsgruppe Georg von Holtzbrinck GmbH, also agreed to a compliance program that includes reporting to the government communications with other publishers.