Apple is set to start paying out for price-fixing ebooks.
The Silicon Valley tech giant must pay a total of $400 million as part of a settlement it reached in 2014. Apple and five publishers were charged with artificially raising ebook prices. The U.S. Supreme Court declined to take the case earlier this year, triggering the payout.
According to Maryland Attorney General Brian Frosh’s office, Marylanders who bought ebooks between April 2010 and May 2012, will get about $9 million of that money, which is also being split among 32 other states.
Settlement information
The bulk of the money is being doled out in credits that are good for a year. Anyone who bought a New York Times Best Seller will get $6.93, while other books are good for a $1.57 credit.
States including Maryland settled with the other publishers for $166 million.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
Donate to the Journalism Fund
Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.
