The Wall Street Journal is reporting that the department of justice has filed a lawsuit against apple along with five of the nation’s largest publishers, for allegedly conspiring to limit competition for e-book pricing.
The lawsuit was filed in Manhattan federal court by the U.S Depart of Justice’s Antitrust Divisions. The lawsuit alleges that Apple and the publishers made an agreement where retails prices would no longer be competitive, and Apple would guarantee a 30% commission on each e-book sold.
According to a source familiar with the case. A settlement by some of the publishers is expected to be filed on Wednesday. U.S. Attorney General Eric Holder is expected to discuss the matter at a press conference on Wednesday.
Check out the full story below.
DOJ Sues Apple, Publishers Over E-Book Price-Fixing – WSJ.com.
