Apple Sued Over E-Book Pricing

Apple and a group of book publishers were accused in a lawsuit f illegally fixing e-book prices to boost profits and force e-book rival Amazon to abandon its pro-consumer discount pricing and the lawsuit filed in the Northern District of California claims Apple and Hachette, HarperCollins, MacMillan, Penguin, and Simon & Shuster illegally worked together to enable an agency model as the standard for e-book sales, rather than the wholesale model that is used in the physical publishing industry. The suit was brought by law firm Hagens Berman and the firm said Apple wanted to twist the ebook market into an environment that matched its walled-garden iTunes music store.................

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