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Thursday, August 30, 2012 - 2:41pm

E-Books Settlement Reached

Georgia Attorney General Sam Olens, along with attorneys general across the U.S., have reached an antitrust settlement with three of the largest book publishers in the United States.

Hachette Book Group Inc., HarperCollins Publishers L.L.C. and Simon & Schuster Inc. have agreed to pay a total of more than $69 million to consumers to resolve antitrust claims of an alleged unlawful conspiracy to fix the prices of electronic books . They have also agreed to change the way they price E-books going forward.

Consumers in Georgia are expected to receive a total of over two million dollars in compensation.Those eligible for restitution will be notified by the retailers where they purchased their E-Books.