If you thought things like this couldn’t happen in the book publishing industry, think again. An interesting and eye opening article.
On Thursday it was reported that the U.S. Justice Department was preparing to sue five of the largest publishers, and Apple, for (allegedly) colluding to fix e-book prices. Despite the shock expressed in some quarters, this is hardly a bolt from the blue.
It’s almost a year since the European Union raided the offices of several publishers in France, Italy, and Germany, kicking off their own Europe-wide anti-trust investigation – later folding into that probe a similar move by the Competition Authority in the UK to examine the Agency Agreement.
It was also widely reported late last year that a U.S. Justice Department investigation, along similar lines, had commenced.
On top of that, it’s over six months since the law firm of Hagens Berman announced a class action suit against the same five publishers, and Apple, for the (alleged) price-fixing of e-books. (Interestingly, the same firm which launched a…
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