Macmillan Settles Suit

http://news.yahoo.com/macmillan-pay-26-million-settle-antitrust-class-action-235221485.html

Publishing house Macmillan moved on Friday to settle a raft of antitrust suits accusing it of conspiring with other publishers to raise e-book prices, hammering out a $26 million settlement with a group of states and individuals, court filings show. 

The agreement requires Macmillan to pay not only a $20 million fine, but legal fees and a small award as well to the individual plaintiffs for their participation.

Four of the five publishers named in the suits, including Pearson Plc's Penguin Group, News Corp's
HarperCollins Publishers Inc and CBS Corp-owned Simon & Schuster Inc, have now settled.
Apple is the only remaining defendant in the Justice Department's lawsuit, which was filed in April 2012 in U.S. District Court in New York.