US Government Sues Apple Over E-Book Price Fixing

12/04/2012 10:04 | Updated 11 June 2012

The US Department of Justice is sticking up for e-book readers, and has charged Apple with colluding with six top publishers to drive up the price of e-books.

If the US government success in the case against Apple, Hachette, HarperColllins, Macmillan, the Penguin Group and Simon and Schuster, the price you pay for e-books could plummet immediately.

Eric Holder, US General Attorney said: "Beginning in the summer in 2009 we allege that the executives at the highest level in the companies included in today's lawsuits, concerning that e-book sellers had reduced prices, worked together to eliminate competition among stores selling e-books, ultimately increasing prices for consumers."

Settlement has been reached with three of the accused, while the remaining three, including the $600 billion company Apple, are yet to have their case resolved.

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