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| Apple on the Department of Justice's List |
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| Posted by Nick G. |
| Thursday, 08 March 2012 22:52 |
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Oh boy, I hope this doesn't become a regular thing on the news feed here. But I fear that could be wishful thinking. Anyway, it seems Apple has been targeted by the Department of Justice due to allegations that they have been engaging in some rather unfair price-gouging of discounted e-books. Of course, Apple isn't the only one in trouble with the law this time; of course things like this know no boundaries. Six other major book companies have also been accused of taking part in this operation. Hopefully, for their sakes, these are just mere accusations, but you never know. We'll keep you posted. "NEW YORK (CNNMoney) -- Apple and five large book publishers could be hit with a lawsuit over allegedly teaming up to raise the price of e-books, according a report Thursday. The U.S. Justice Department has warned Apple, along with Simon & Schuster, Hachette Book Group, Penguin Group, Macmillan, and HarperCollins, that it plans to sue them for antitrust violations, according to the Wall Street Journal, which cited unnamed sources familiar with the inquiry. The six companies allegedly colluded in 2010 to force Amazon to raise its discounted e-book prices." Source: CNN |