Amazon Kindle Owners May Be Subject To e-Book Refunds

Kindle e-reader owners who have made e-book purchases over the months April 2010 and May 2012 may be subject to a full, or partial refund. According to Amazon, e-book prices will drop and refunds will be granted if a judge approves the established settlements with publishers who were accused of fixing e-book pricing.

Kindle e-reader

Emails sent out by the online-retailer, Amazon, on Saturday night justify that customers may soon be able to receive refunds between $0.30 and $1.32 for e-books purchased between April 2010 and May 2012. Court settlements will make the final decision on this case, however a hearing isn’t scheduled until Feburary 2013.

An approval of the February hearing will restrict publishers from setting e-book pricing — which means overall lower costs for Kindle owners.

The whole situation began during April when Apple Inc and five publishers were accused by the Justice Department of inflating e-book pricing. Three of  five accused publishers decided to settle –News Corp’s HarperCollins Publishers Inc, CBS Corp’s Simon & Schuster Inc and Lagardere SCA’s Hachette Book Group. All denied any wrongdoing, but settled in effort to avoid an extended lawsuit trial.

Amazon stated – “we think these settlements are a big win for customers and look forward to lowering prices on more Kindle books in the future,” in an email sent out Saturday.”

If the e-book settlement is accepted, publishers will be refunding its users out of their own pockets. Customers will be able to choose between a refund to their Amazon account or a check via snail-mail.

Source: Yahoo

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