Consumers to receive refunds in e-book price fixing lawsuit

MONTGOMERY, Ala. (AP) — Officials say New York consumers will receive nearly $26 million from Apple Inc. in a lawsuit over inflated e-book prices.

New York Attorney General Eric Schneiderman said in a statement Monday that the tech giant is expected to spend about $400 million to compensate consumers across the country and New Yorkers are slated to receive $25.9 million in addition to the $8.9 million received in 2014.

Schneiderman says New York and 32 other states prosecuted Apple for conspiring with five major American publishers to raise E-book prices.

Schneiderman says consumers will receive payments of $6.93 for each New York Times best-seller and $1.57 for other e-books purchased between April 1, 2010 and May 12, 2012.

Officials say consumers who bought e-books through Sony or Google will receive checks. Consumers who bought books from Apple, Amazon, Barnes and Noble and Noob will receive account credits.

 

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