eBook Settlement Means Millions In Amazon Credit — Check Your Account

amazon“Good news! You are entitled to a credit of $33.60 for some of your past Kindle book purchases. The credit results from legal settlements reached with publishers Hachette, HarperCollins, Simon & Schuster, Macmillan, and Penguin in antitrust lawsuits filed by State Attorneys General and Class Plaintiffs about the price of eBooks.”

This is the email that greeted me this morning in my inbox. Considering the way I gobble up trashy novels on my Kindle, this is welcome news. Except, of course, the news that some publishers — Hachette, Harper Collns, Macmillan, Penguin and Simon & Schuster, along with Apple were engaging in price fixing digital books. In a stipulation of the e-book settlement the publishers are not admitting any wrongdoing, but are paying us off to avoid a trial.

The case summary states: “The lawsuits claim there was a conspiracy involving five of the nation’s top publishers and Apple Inc. (“Apple”) to fix and raise retail prices of E-books.  All five of these publishers have agreed to settle the lawsuit.  A separate lawsuit with similar claims continues against Apple.”

If you purchased e-books from April 1, 2010 through May 21, 2012 it’s likely you received a credit $3.06 for each New York Times best seller, and $.73 for any other books. If you’ve received a credit, you can use it only for Kindle and print books, sadly (I was thinking I might use it to re-start Amazon Prime) but you should find it in your account as of today.

Article Posted 3 years Ago

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