US Justice Department Prepares to Sue Apple for Price Fixing

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appleApple Inc. and several major publishers were accused by the U.S. government of conspiring to fix prices of e-books and limit retail price competition, according to a lawsuit filed today.

“Apple facilitated the publisher defendants’ collective effort to end retail price competition by coordinating their transition to an agency model across all retailers,” according to the complaint, filed in Manhattan federal court by the anti-trust division of the U.S. Department of Justice.

The publishers include Hachette Book Group, HarperCollins, MacMillan, Penguin Group, Pearson Plc and Simon & Schuster, a unit of CBS Corp.

{Reuters/Matzav.com Newscenter}

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