$115M Macmillan, Penguin Antitrust Deals Win Initial OK

Law360, New York (August 6, 2013, 9:29 PM EDT) -- A New York federal judge on Monday preliminarily approved a pair of agreements totaling $115 million to a settle e-book price-fixing claims brought against Penguin Group USA Inc. and Macmillan Publishers Ltd. by 33 state governments and a proposed consumer class.

U.S. District Judge Denise Cote gave her initial approval to the proposed deals, which provide for $90 million in payments from Penguin and $25 million from Macmillan, in a single order. The bulk of the sum will be paid to a class of consumers from the...
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