Some Tennesseans to share in e-book price fixing settlement

Some Tennesseans to share in e-book price fixing settlement

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NASHVILLE (WATE) - Some Tennesseans will begin receiving account credits or checks this week as part of a partial agreement resolving an e-book price-fixing lawsuit.

The suit was filed by Attorney General Bob Cooper and attorneys general from 32 other states. It asked for a $166 million nationwide payment against Apple, Inc. and five of the six largest e-book publishers in the country.

Tennessee's share is approximately $2.8 million.

The U.S. District Court for the Southern District of New York found the companies conspired to restrain trade in violation of federal and state laws.

It has not yet been determined how many Tennesseans will receive funds. As part of the agreement, consumers will receive an account credit or check based on the number of eligible E-books they bought during the claims period of April 1, 2010 to May 21, 2012.

Eligible consumers should review their email for communications from their e-book retailer, or from the Settlement Administrator, regarding account credits or checks. 

For more information on the settlements, please visit www.ebookagsettlements.com.

A second trial to determine the amount of damages Apple must pay for violating federal and state anti-trust laws has been tentatively scheduled for May.  If successful, additional account credits or checks will be distributed to Tennessee consumers in the future.

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