Penguin Settles DOJ's E-Books Price-Fixing Case

Law360, New York (December 18, 2012, 7:29 PM EST) -- Penguin Group USA Inc. agreed Tuesday to settle the U.S. Department of Justice's claims that it conspired with Apple Inc. and four other publishers to fix the price of e-books, taking the same deal the antitrust watchdog reached with three other defendants.

The settlement will resolve the DOJ's claims that Penguin colluded with Apple and the other publishers to fix e-book prices in the run-up to the 2010 launch of Apple's iBookstore, in part by switching from the traditional wholesale model to an agency sales model,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.